Wednesday, April 16, 2014

Is indebting our grandchildren fair?


Would it be fair or even legal for you to borrow money and obligate your grandchildren to repay the loan so that you can buy a big screen TV? The simple answer to that question is, “No,” but yet that is what our government is doing to our children and grandchildren. Borrowing against the future and obligating people who aren’t even born yet.

The American people want and need real jobs that pay a living wage not short term stimulous package employment. The American Dream of home ownership, raising a family and saving money for the future is being dashed by politicians who vote to heavily tax their constituents while continuing to borrow and print more fiat currency thus devaluing our U.S. Dollar. Fiat currency is worthless paper backed only by a government’s promise to pay. We’ve been off of the Gold Standard since 1971 and therefore our currency is not backed by cold, hard, real money. Since 1971, the U.S. Treasury and the Federal Reserve Bank have kept the presses running, churning out worthless promises to pay.

Many foreign countries are on the brink of insolvency and the world is carefully watching the printing presses here in America. Confidence in the U.S. Dollar is slipping and countries willing to loan us money might soon not. The American people must demand change in wasteful tax, borrow and spend policies that will one day cause our economy to crash and burn.

Vote Intelligently on Nov. 6.

Cameron Park

Letters to the Editor


Discussion | 3 comments

  • cookie65October 12, 2012 - 5:59 am

    The single thing that gives our dollar value it the fact that our government will accept it as payment for tax. What would it be worth if that were no longer the case? Buying power at the expense of unborn generations is easy for people with no morals. Getting an obamaphone while accusing the people who pay for it as being haters is defended by the leftist media rather than being corrected by a responsible press.

    Reply | Report abusive comment
  • Fat AlbertOctober 13, 2012 - 8:38 am

    One man bought the TV that we could not afford. Then, he moved out of the house, and another man moved in. The credit card bill arrived after the second man arrived. Do you blame him, or the first man? Vote intelligently Nov 6.

    Reply | Report abusive comment
  • DB SmithOctober 13, 2012 - 9:07 am

    Hey Fats, You didn't finish the story. The second man then bought a much bigger TV with added features and increased the credit card bill. I therefore would blame them both.

    Reply | Report abusive comment


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