My grandfather had a unique way of expressing what he thought of the capabilities of those we elect to public office. “It was a good thing they got a job with the government or they would have starved to death.” Unfortunately it was this type of politician and their dumb decisions on the so-called bail out that may cause us to starve to death instead.
It was excessive deficit spending that caused the problem in the first place. Now, how in the world do they expect that by encouraging more deficit spending, that this will solve the problem??????
What the people need is more spending power not more borrowing power. The government should keep the $800 billion to run the government for the next 6 to 9 months and give everyone a tax moratorium. On the next payday everyone would get their regular pay plus all their withholding, this would give everyone more spending power and would inject that money into the local economy instantly. Every time a dollar exchanges hands it creates another dollar’s worth of goods and services so if that dollar exchanges hands 10 times a year, it would create 10 dollar’s worth of goods and services. Also every time a dollar exchanges hands, it creates taxes for the local government and the local government wouldn’t be faced with this financial crisis. Unfortunately, we are no longer a government, of, fo, and by the people but a government, of, for and by special interest groups who are using our government to milk us dry!
Clarence Jaeger
2418 River Oaks Drive.
Murfreesboro TN 37129
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