Editor:
Have the radicals of the 60’s and their offspring finally won? We have a leadership that is comfortable in governing against the will of the majority of the citizenry. Is this the direction we were promised?
Jerry Carlson, Landowner Editor Emeritus -- Landowner newsletter August 26, 2010 “Since 2007 multiple government and Federal Reserve bailouts have ballooned the U.S. national debt toward 100% of our annual gross national product of about $14 trillion. Total public and private debt in America will soon pass $55 trillion. That’s $666,000 of debt per U.S. family. It’s mathematically impossible to service and pay down America’s public and private debt load. (……visit the websitewww.usdebtclock.org) One of the most savvy U.S. market gurus, Richard Russell, says in his Dow Theory Letters he’s “absolutely convinced” that the U.S government and Federal Reserve will default on public debt by “inflating it away” over several years. Currency markets concur: The U.S. dollar Index has plunged since July and will probably soon crash through its 200-day moving average.” Note: By 2012 the U.S. National debt is estimated to be $17 trillion equaling 100% of National GDP (gross national product, equaling all the goods and services produced in this Country!) This is not sustainable -- this will hurt the poor and the middle class severely!
Is this the change you voted for? If the D(rive) is where you wish to go then don’t change your vote from the Dem lever you always pull. If you are worried, concerned, scared – about what could happen if we keep the same course vote for someone else. You won’t hit someone in R(everse) if you use mirrors to guide your way [ D and R is paraphrased from one of the Presidents’ speeches]. November is around the corner – use it wisely -- think of your grandchildren and their offspring. If the Rs win as some gurus suggest then they are on probation -- at least with me.
Regards,
John Stiegelmeyer
Vinton, Iowa 52349
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