Posted on 12/31/2009 11:37:11 PM PST by 2ndDivisionVet
Maybe, but November will be sweet!
Well this is cheery.
The US Government does not care about debt.
“There is too much debt relative to income and/or wealth”
I wrote a letter to Sen. Voinovich about this. In the letter I suggested that going further into debt as a nation would only exacerbate the problem of having an economy that was stalled because of too much public and private debt. I explained that “giving” money to bankers so that they may lend it to Americans who are already encumbered by too much debt is like trying to save a drowning man by tossing him a cinder block. I then went on to suggest a better course of action: provide economic incentives to Americans to get out of debt i.e. allow them to draw from an IRA penalty free if they use the money to pay off qualified debts (cars, houses, credit cards) and then go so far as to offer tax breaks to Americans who pay off their debts. Alas, the government felt it was better to provide incentives to Americans to go further into debt. Voinovich never even wrote me back.
Bookmarked
How's it werkin' fer U????
What irritates me the most about all of this? I’ve always tried to live within my means and take care of my family. We’ve always tried to avoid debt. When I took a mortgage, I scrimped and saved to pay it off in less than half the normal loan period. Some people told me I was a fool to do so. They said it was better to invest the money and make a greater return. I, on the other hand, believe debt is something that should always be paid down first.
I’m not bragging here. In fact, I continue to penalize my own family by behaving responsibly. There are no government handouts waiting for me, but I’m given the “privilege” of paying for everyone else who hasn’t tried to hold up their end in this shared thing Mark Levin likes to call the civil society.
So, it irritates me that I will likely lose everything I have tried to build over decades of work. When hyperinflation or depression or both hit, those who have tried to do what is right will be taken right along with those who have spent decades with their hands out for more and more debt, whether through government wealth redistribution or excessive private debt.
If and when the takers start rioting (when they can’t get things handed to them any longer), we’ll all be caught up in the mess together. Worse, we could very well see the end of what so many brave patriots sacrificed to create for us!
I put my faith in God that He’ll take care of me and mine, but it doesn’t make it any easier to see this nation torn apart by increasingly immoral citizens. The only thing that mitigates that somewhat in my mind is the knowledge that there are other God-fearing and/or moral FReepers/conservatives left. There are still people who believe in liberty but more importantly, have the self-discipline to behave morally and restrain themselves for the betterment of all of us.
Liberty cannot survive without morality!
I think this article says something about it being too late to fix it. The debt we have is what we’ve already spent... water under the bridge and its just a matter of time before the chickens come home to roost. In that case whatever happens in November will not matter.
This is just some musing, but perhaps it might be better if Democraps win. Just like they set up the whole CRA thing and messed around with Fannie and Freddie, etc and managed to leave Republicans holding the bag when the whole thing came down in flames, it might be better when the debt chickens come home to roost that they are at the helm and take the full brunt of it after spending hand over fist, dabbling in fascism and all the rest of their progressiveness. It might just be the way to wake the rest of America up and defeat Liberalism once and for all.
bump
Hmmmm - some pretty steep sections of the curve occur during the years of two “conservative” Republican Presidents (Reagan, 81-89, and Bush 2, 01-09).
Well hell, then let's pass some "Health Care Reform"
This administration is all about marching us to a socialist state, it is a coup with out firing a shot. We have to do all we can to stop them.
Happy Obama New Year - More misery.
2 trucking companies just went out of business.
Because people are buying less, fewer things are being shipped.
The whole “recovery” lie is nothing but a sham.
One of the largest trucking company YRC. Yellow-Roadway is on the verge itself.
Things are going to get really bad. Meanwhile the politicians and media will be touting “recovery” and “stimulus II”
I don’t think I want the fascists in charge when it collapses. Remember FDR?
Considering the trends in immigration and voter registration, I can't think of any "good" election outcome other than the Republicans winning and trying to block Obama's final two years. Whatever they do, I don't think it's going to help him, whereas Obama's continuing to march to the left won't be hindered by Democrat wins--if Dodd and Frank aren't feeling any heat NOW over their criminal acts, a renewal of their party's control will merely encourage them to do worse.
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