Elected Leaders Destroying the Wealth of the Nation

Cash for clunkers was a huge financial disaster!

"We must not let our rulers load us with perpetual debt."
-- Thomas Jefferson, letter to Samuel Kercheval, 1816                                       

Doesn’t that make you feel all warm and fuzzy now that our nation is in debt for $16 trillion we can never pay? We could rephrase that statement and ask the question today: “How do we keep our rulers from burdening us with additional irreconcilable debt?” It is apparent they, the elected, are incapable of doing it themselves so the only choice is that we vote them out of office and give them the opportunity to manage their personal budgets, not ours. They have shown no will to exercise good judgment over the taxpayer’s dollars. 

They are also destroying the wealth of the nation. Cash for clunkers immediately comes to mind. That one act single handedly destroyed billions upon billions of dollars. Those billions were assets of our nation and almost destroyed the used car industry. All thrown away as if it was yesterday's newspaper. If you couldn't afford a new car...you were simply out of luck. Hyperinflation will eventually settle in devaluing the dollar even more and making it virtually impossible to sustain any semblance of the life we have now. You cannot divest trillions of dollars into the economy and not expect these repercussions; it is inevitable. Those dollars will become worthless pieces of paper.  

Come November you should know what to do. When it comes to those in office: Keep angry! Keep watch! Keep score! Keep involved! Keep voting, just not for them. 

Steve Ramey
American, USMC Vietnam veteran and Freedom lover             
10 October 2012                                                                                           Semper Fidelis et Vigilo! 

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R++ One of the Famous Dacula Crew October 13, 2012 at 05:04 AM
@ George Please remember at least one of your "wars" above was started by people flying planes into buildings, so UNLESS you hold the position that BUSH did it - DROP that talking point. TOO many people have suffered and are still suffering today for THAT to be glossed over ANY more ANYWHERE...
Michael k October 13, 2012 at 01:49 PM
Tammy - perhaps you can explain how that some of world's economies that are ranked higher than the US (Sweden, Finland, Switzerland, Netherlands) have higher effective corporate and personal tax rates, while another (Singapore) does not? If it is a simple equation of: lower taxes = better economy why doesn't it apply to these economies?
Michael k October 13, 2012 at 01:56 PM
Steve, Yours was an intellectually dim response to my last posting. Perhaps your business and political struggles can be explained after all. Don't assume that those who disagree with you are not high earners. I could be a limousine liberal.
STEVE RAMEY October 13, 2012 at 11:59 PM
At least i have a light burning.
Karsten Torch October 14, 2012 at 02:26 PM
Michael, on what scale are you coming up with the idea that these countries beat the US? In GDP, global competitiveness, we are the top of the heap....


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