As of Friday, December 28, 2012
© Copyright 2013
Gwinnett Daily Post
The letter by David Cross that ran last week was one of the most uninformed utterances I've ever read. Not only does Mr. Cross understand absolutely nothing about economics, but he wishes to inflict this ignorance upon others. Enough.
The U.S. dollar is not dependent on any measure of input or output for its value. Every time the Treasury Department issues more new money, foreign countries line up to buy it. Interest rates are at all-time lows.
Not exactly the signature of a country in distress (despite all the problems we've had).
None of the horrible things that the deficit "hawks" said would happen have actually happened. Those are people who want to cut the amount that the federal government sends out to the people across the land. They claim they are "concerned" over the extraneous expenditure, when in reality they don't want anyone else to have a chance.
That's what this is all about, all this right-wing carping -- cutting off the legs of someone shorter than themselves. It is absolutely despicable.
One would think after the experience of the past few years, some people could get the idea that we are all in this together, but it must have escaped some people.
-- James Hogan