Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | Home RSS
 
 
 

Think About It

October 23, 2012
Emmetsburg News

To the Editor:

Some enemy once said we won't have to take over America by force, it will die within.

We are now paying 50 cents of every dollar the government spends on interest. That's over 500 thousand dollars a day, 7 days a week.

The government is now printing over 40 billion dollars a month in new inflationary dollars to keep the country going.

Taxing the rich would only run the government 6 or 7 days. When the country goes broke, the rich, middle and poor are all equally broke.

The argument about taxing the poor and middle class, that's what President Obama is already doing. The billions of dollars bring printed causes inflation, which inflates the price of everything food gas utilities. 100 dollars 3 years ago is now worth only $84. That's a 16% loss in buying power.

Inflation is a cancer on our country. Keep printing and we could see a 90% drop in the stock market, 50% unemployment, 70% inflation. How about $23.00/gallon gas?

President Obama's plan is going to stimulate the country into bankruptcy. Can we afford 4 more years of this nonsense?

(signed) Tom Hoch

Emmetsburg, IA

 
 
 

 

I am looking for:
in:
News, Blogs & Events Web