Hello and HAPPY NEW YEAR... this is my first post of the year and I hope you will take a few moments to read this, as your action (or inaction) will affect Generations…
Obviously, the election cycle is over (thank heavens) and Barack H. Obama won. As a veteran, I will support him as the President, however, my support is rooted in love of country. Not love of Barack Obama.
Obviously, the election cycle is over (thank heavens) and Barack H. Obama won. As a veteran, I will support him as the President, however, my support is rooted in love of country. Not love of Barack Obama.
While he is the President of ALL Americans, we cannot blindly follow whatever he says. We owe if to ourselves and the country we will leave behind to our children to stop this bill RIGHT NOW. Much like the $750 Billion TARP bill that had to be passed immediately or grave consequences would occur, we are being told that it is CRITICAL to act NOW…. We don’t actually know where all that money actually went, but we do know where it didn’t go…. The world didn’t end… the sky did not fall…. And we are now $750 BILLION deeper in the hole…. With nothing to show for it.
Don’t believe the hype… this problem didn’t pop up overnight, and taking a little time to address the problem with a solution that will actually work, and makes sense is called for.
There is no denying that our country is in the midst of an economic down turn, and how severe it will turn out to be is yet to be seen. What I do understand, because history has proven it, is that simply printing almost a TRILLION dollars to spend it like drunken sailors at a time when Americans are cutting their OWN spending is patently WRONG in principal. Not to mention practicality..
A study of history shows that massive government spending did not pull our country out of the great depression. What caused the turn around was World War II.
As recently as the 1990’s Japan spent tons and tons of money, and it did not pull their country out of an almost decade long recession.
In the late 1970s when inflation was in excess of 15% annually, what pulled the US out of a solid recession, and ridiculously high interest rates were tax cuts for ALL Americans…. A reduction in the capital gains tax, and a pro business approach.
History has proven, that WAR and tax cuts have been the catalysts to turn our economy around.
It does not matter who the President is. What matters is adding another TRILLION dollars to our already 9 TRILLION dollars in debt is a bad idea. It would be a bad idea even if the country had a booming economy. A stimulus bill should be FOCUSED on cutting taxes, getting capital to the market to spur on investments and small businesses. Right now interest rates are down, but if we continue to print money, we will see a return to those high rates.
To keep things in perspective, if you could stack 10 trillion dollars up, the stack would be more than 468,000 MILES long and would extend beyond the MOON by more than 200,000. There are THREE solutions to our national debt…
1. Default on it…. That would be bad……
2. Monetize the debt… (Print More money to pay it off) which will cause HYPER inflation at a scale like this…. (Google hyperinflation or Weimar Republic)
3. Pay it off…. Which requires discipline… will require a balanced budget amendment and a line item in the budget to pay off our debt. This strategy requires our representatives and Senators to be adults and responsible with OUR money…
What is contained in this bill is ridiculous, and this bill is NOT a stimulus package. In fact, according to some estimates there is less than 12% of this bill that is actually designed to stimulate our economy. Additionally, less the 21% of the money will be spent in 2009 (Yes it is still January of the 2009).
I am fully prepared to support our President when his ideas are good. This bill does not meet that criteria.
Don’t take my word for it. Read it… but I urge you to call your Congressman/Representative, and Senators and tell them DO NOT SUPPORT THIS BILL. Difficult times require thoughtful, deliberate action. Right now, the action needed is YOURS, MINE and all Americans…
ALL of the phone numbers follow…. GET involved in solving this problem… do not blindly trust the same morons that caused the mess to begin with, and permit them to follow a course of action that is PROVEN NOT to work….. PLEASE FORWARD THIS BLOG ALONG TO THE PEOPLE YOU KNOW……
Don’t believe the hype… this problem didn’t pop up overnight, and taking a little time to address the problem with a solution that will actually work, and makes sense is called for.
There is no denying that our country is in the midst of an economic down turn, and how severe it will turn out to be is yet to be seen. What I do understand, because history has proven it, is that simply printing almost a TRILLION dollars to spend it like drunken sailors at a time when Americans are cutting their OWN spending is patently WRONG in principal. Not to mention practicality..
A study of history shows that massive government spending did not pull our country out of the great depression. What caused the turn around was World War II.
As recently as the 1990’s Japan spent tons and tons of money, and it did not pull their country out of an almost decade long recession.
In the late 1970s when inflation was in excess of 15% annually, what pulled the US out of a solid recession, and ridiculously high interest rates were tax cuts for ALL Americans…. A reduction in the capital gains tax, and a pro business approach.
History has proven, that WAR and tax cuts have been the catalysts to turn our economy around.
It does not matter who the President is. What matters is adding another TRILLION dollars to our already 9 TRILLION dollars in debt is a bad idea. It would be a bad idea even if the country had a booming economy. A stimulus bill should be FOCUSED on cutting taxes, getting capital to the market to spur on investments and small businesses. Right now interest rates are down, but if we continue to print money, we will see a return to those high rates.
To keep things in perspective, if you could stack 10 trillion dollars up, the stack would be more than 468,000 MILES long and would extend beyond the MOON by more than 200,000. There are THREE solutions to our national debt…
1. Default on it…. That would be bad……
2. Monetize the debt… (Print More money to pay it off) which will cause HYPER inflation at a scale like this…. (Google hyperinflation or Weimar Republic)
3. Pay it off…. Which requires discipline… will require a balanced budget amendment and a line item in the budget to pay off our debt. This strategy requires our representatives and Senators to be adults and responsible with OUR money…
What is contained in this bill is ridiculous, and this bill is NOT a stimulus package. In fact, according to some estimates there is less than 12% of this bill that is actually designed to stimulate our economy. Additionally, less the 21% of the money will be spent in 2009 (Yes it is still January of the 2009).
I am fully prepared to support our President when his ideas are good. This bill does not meet that criteria.
Don’t take my word for it. Read it… but I urge you to call your Congressman/Representative, and Senators and tell them DO NOT SUPPORT THIS BILL. Difficult times require thoughtful, deliberate action. Right now, the action needed is YOURS, MINE and all Americans…
ALL of the phone numbers follow…. GET involved in solving this problem… do not blindly trust the same morons that caused the mess to begin with, and permit them to follow a course of action that is PROVEN NOT to work….. PLEASE FORWARD THIS BLOG ALONG TO THE PEOPLE YOU KNOW……
Email me for a list of all the US Represntaitves contactnumbers...
MAKE A DIFFERENCE...
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