Friday, April 18, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Our grim situation

EDITOR:

I enjoyed Mr. Garon’s response to the factual errors in his “Why do the poor people of Boone County support Romney” letter. Mr. Garon is so often fact challenged that I will bypass that and go to his point. Mr. Garon, as liberals often do, tries to paint a choice where you either want to throw grandma out on the street or you support them and their disastrous debt financed spending. He mentions how could anyone not want to help someone making less than $10,000 per year. Did it ever occur to him that helping those people might be easier if Obama wasn’t giving tax credits of NASCAR, Hollywood and many other cronies? Oh yes and then there’s Obama’s old jobs czar Jeffery Immelt CEO of GE. You know GE, that company that doesn’t pay tax and also sent its entire x-ray division and its jobs to China. That old saying, “I can’t be out of money I still have checks” is a joke. To people like Mr. Garon and President Obama it’s the gospel.

Mr. Garon wonders why people in low income areas would support Romney over Obama. Maybe it’s because they realize that you can’t keep spending money you don’t have and expect to get away with it. Maybe because people as devoid of common sense as Mr. Garon simply don’t survive to reproduce in areas where life is that hard. Now for those unlike Mr. Garon, who have an understanding of basic math let me spell out our grim situation. This country takes in around $2.5 trillion per year. Our national debt is on track to be $20 trillion or more by 2016 with no slowdown in sight. It will keep going straight up from even that lofty figure. The only thing allowing us to temporarily get away with this insanity is keeping interest rates at near zero on government bonds. As our debt becomes more precarious coupled with our dependance on foreign money, interest rates are bound to rise just as they did when the debt situation in Greece, Italy, Spain, Portugal and Ireland got precarious. Historically 3 or 4 percent interest rates have not been that uncommon. As I said our income is around $2.5 trillion a year. Four percent is $800 billion, 3 percent is $600 billion in intreest per year. Do the math and you’ll see how far down the toilet Mr. Obama and his supporters like Mr. Garon are taking us.

GEORGE ALGER
Placerville

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Discussion | 4 comments

  • MorrisJanuary 08, 2013 - 9:58 am

    Oh man...was just about lock the keyboard up and head outside to rake leaf...when...I....saw.....IT: The words 'NASCAR' and (PRESIDENT) 'Obama' IN THE SAME SENTENCE. Seriously. My Liberal Latte like came out my nose. Followed by the Copenhagen. (thanks for that, btw) Not even back HOME in Duck, NC could THAT combo come up. Only in The Mountain Democrat. So I'm picturing Barry an old school '3' kinda dude maybe with a Monte Carlo SS, boomin flowmasters and some roady Natural Light. And on Memorial Day...a '3' manscaped into his back hair and sunblocked to retain that white-on-red contrast that compliments the interior of Michelle's bangin Nomad. Not to be outdone, she's rockin a tramp stamp in the shape of His last car; complete with images of Dale, Dale Jr, Natalie Wood, Robert E Lee and The Baby Jesus changing out the slicks and hittin the bricks! There may or may not have been a motorhomevantrailerhauler. I was drinking. Sorry.

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  • arnold langeJanuary 08, 2013 - 10:49 am

    on the subject of tax breaks "Did it ever occur to him that helping those people might be easier if Obama wasn’t giving tax credits of NASCAR, Hollywood and many other cronies?" those tax breaks you speak of were EXTENSIONS of tax breaks, not new tax breaks. you can bet repugnants and dems were equally in favor of keeping them.

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  • John SavageJanuary 16, 2013 - 8:10 am

    I love all these elephant tears over the debt. I'm sure you cried up a storm when Ronald Reagan tripled the debt and George W. Bush doubled it. Sure the debt is going up at an alarming rate, the president inherited on-going debt from fighting two wars on a credit card Bush era tax cuts, and the medicare drug plan that wasn't paid for. The debt is increasing at a slower rate under President Obama, and the deficit has gone down by 200 billion dollars during the Obama Administration. Don't like debt? Then don't run it up when your in control of the government.

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  • Ken SteersJanuary 16, 2013 - 1:24 pm

    John Savage sounds like me talking to my wife after I disobeyed her orders and made a purchase. 'First you where mad because I wanted to buy it. Now your mad because it's already bout? Which one is it? Make up your mind!" Nixon, Reagan, Bush's don't matter. I'll take the current President at his word. The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies… America has a debt problem and a failure of leadership. Americans deserve better. Sen Obama after voting no to raise the debt ceiling.

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