This is why it's dangerous to give governments power

Chris Caldwell tells the story of Ireland - when the bust hit, the government assumed 100% of its failed banks debts - not just guaranteeing the depositors but all of the speculative money as well.  The result - in one stroke each Irish man, woman and child was saddled with  $30,000 of new debt at 6% interest.  A debt which one way or another will crush the nation for a decade.

It goes without saying that a government with a lot less power could not have made such a colossal blunder.  Of course our Federal government's combined $100 trillion of deliberate 'blunders' adds up to more like $327,000 per man, woman and child.

But it's mostly child -  because you see, the little ones can't vote.  Break it up, break it all up.