LETTERS: Country in better monetary shape than some think

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



kevin 2 years, 8 months ago

Quote:"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." Read the Constitution my friend. It doesn't require "all" the people to fit your remarks here.

No government is any good when it punishes the people that followed all the rules and were a success, while rewarding those that do nothing because that is their choice.

You are only talking about things morally correct to do. Don't people have family or friends to help them? What about charities? I guess those people do not have any religion either. Maybe the government should give that to them also. I'd like to see that day!! Don't they have friends? The Constitution does not provide law to make all of us pay for all of everyone's needs or wants.

You are the one that missed the point. A socialist Liberal government needs people to be dependent on them to stay in power. Case closed. In your words, ENOUGH.


genew 2 years, 7 months ago

James Hogan of Snellville seems to think he is an economist but he actually just spouts Socialist class warfare drivel. Perhaps people in other countries are buying our debt but only because we are in better shape than most of the rest, for now. That, Mr Hogan, does not make our economy healthy and it will end when people realize Obama is purposely devaluing our currency. Our interest rates are being kept artificially low for political reasons and so that the interest accruing to our national debt is minimized. Printing an endless stream of paper money, Mr. Hogan, has never been the hallmark of a healthy nation.

And please spare us from your class-warfare drivel. You just have to be an Obama supplicant that cannot intelligently discuss economics without becoming jealous of someone who has created wealth. Why do people like you have to participate in this mindless class warfare? Oh, I forgot, you worship Obama.....


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