PLACERVILLE, CALIFORNIA

Letters

Is indebting our grandchildren fair?

By From page A7 | October 12, 2012

EDITOR:

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.

RON ANDERLY
Cameron Park

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