America Is NOT Broke, Michael Moore Says

This blogger may not always agree with the things filmmaker Michael Moore says about economic or political issues. But I will until death defend his right to say it, and I sincerely appreciate his twisted views on things that always leads us to interesting conclusions.

“The truth is, there are lots of money to go around. LOTS. It’s just that those in charge have diverted that wealth into a deep well that sits on their well-guarded estates.”

Michael Moore


“Contrary to what those in power would like you to believe so that you’ll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It’s just that it’s not in your hands,” controversial filmmaker Michael Moore says.

According to Mr. Moore, the money has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.

Well, there is a former Icelandic banker who suggest that most of the money has gone to “money heaven.”

I’m not sure who to belive, but I’m sure that there’s gotta be some money somewhere.

Michael Moore continues his argument on his blog.

Here’s some more Moore:

And I can see why. For us to admit that we have let a small group of men abscond with and hoard the bulk of the wealth that runs our economy, would mean that we’d have to accept the humiliating acknowledgment that we have indeed surrendered our precious Democracy to the moneyed elite. Wall Street, the banks and the Fortune 500 now run this Republic — and, until this past month, the rest of us have felt completely helpless, unable to find a way to do anything about it.

“If the wealthy get to keep most of their money, we have seen what they will do with it: recklessly gamble it on crazy Wall Street schemes and crash our economy.”

I have nothing more than a high school degree. But back when I was in school, every student had to take one semester of economics in order to graduate. And here’s what I learned: Money doesn’t grow on trees. It grows when we make things. It grows when we have good jobs with good wages that we use to buy the things we need and thus create more jobs. It grows when we provide an outstanding educational system that then grows a new generation of inventors, entrepreneurs, artists, scientists and thinkers who come up with the next great idea for the planet. And that new idea creates new jobs and that creates revenue for the state. But if those who have the most money don’t pay their fair share of taxes, the state can’t function. The schools can’t produce the best and the brightest who will go on to create those jobs. If the wealthy get to keep most of their money, we have seen what they will do with it: recklessly gamble it on crazy Wall Street schemes and crash our economy. The crash they created cost us millions of jobs.  That too caused a reduction in tax revenue. Everyone ended up suffering because of what the rich did.

The nation is not broke, my friends. Wisconsin is not broke. Saying that the country is broke is repeating a Big Lie. It’s one of the three biggest lies of the decade: 1) America is broke, 2) Iraq has WMD, and 3) The Packers can’t win the Super Bowl without Brett Favre.

The truth is, there’s lots of money to go around. LOTS. It’s just that those in charge have diverted that wealth into a deep well that sits on their well-guarded estates.

Read to whole procedure at michaelmoore.com.


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