Offering It Up

Posted By Wes on October 15, 2008

“We must not let our rulers load us with perpetual debt.” —Thomas Jefferson

Well, we sure haven’t listened too well, have we. As you have heard many pundits say, our children and grandchildren will be paying this off. It is really not likely that they will be paying it off, they will be bent under the burden of keeping up the interest payments. Where is the money going to come to pay it off? We don’t make anything anymore, the auto industry which was one of the mainstays of our economy is almost gone, the housing segment is in a long depression. The amount of our debt that China and other less than friendly countries hold is staggering. They basically own us. Our country is rapidly becoming a third world country. We didn’t learn the lessons from the Roman Empire too well either. They became decadent, moral decay brought them down. The same thing is happening here. The prevalence of greed, unbridled greed is at the root of the meltdown of our financial system. Morals, ethics simply do not matter, anything we do is viewed as ok as long as we get away with it. Wall Street bankers and investment types making millions of dollars producing absolutely nothing, building financial structures with nothing to back them. It had to collapse sometime, and that sometime is now. And we, the people, have to pay for it. The leaders we elect have done nothing but feather their own nests. They pass the bailout of $725 billion, then load it down with billions of earmarks that have nothing to do with solving the liquidity crisis.
I go that rant off my chest. and I don’t feel any better.

Categories: Politics
Tags: