Economics and the 2010 elections -
America is facing unique and challenging circumstances
with skyrocketing deficits and a national debt that is weighing down our economy and causing us to lose the confidence of the world as a place to invest. For the first time ever we are in serious jeopardy of losing our Moody's AAA credit rating *. We really have only four options to fixing the current debt crisis that jeopardizes our very existence as a Nation:
1)
Raise interest rates dramatically to increase return on investment and help investors overcome their fears of our instability and begin to invest in us again. To us, this will mean loans for homes, cars and businesses will be more expensive**
2) Raising taxes drastically or adding new taxes like VAT or Cap and Trade Energy taxes ***.
3)
Hyper-inflating the money supply. This is something that we don't even want to think about as it will destroy America as we know it, see the history of the Weimar Republic ****. All three options above mean slowing the already sluggish economy further, prolonging the recession or possibly pushing us into a depression. Option four is the only responsible approach.
4)
DRASTICALLY CUTTING SPENDING. In the short term it may be painful and cause Americans of all backgrounds to sacrifice something they want, enjoy, or think they need. But we are at crossroads, and we have some serious decisions to make. If we keep spending as we currently are, the first three options leave us with more short term gloom and possibly long term
doom and gloom, like the destruction of our current American system; think the collapse of the Soviet Union in 1991. We at Volusia 9.12 ask that you pay special attention to current
governmental affairs and the upcoming 2010 elections. Don't believe anything you hear or read from any source especially the press, unless you verify it yourself. As we learned with
the healthcare reform bill, disinformation is more prevalent than legitimate information, even from media sources we thought we could trust. We ask that you do not walk
into the voting booth and pull the lever across the board for either party, they are both to blame for this mess. We ask that you research and know full well where the person you are
voting for stands on these never more important fiscal issues. We ask that you look for responsible representatives willing to make unpopular and hard fiscally responsible
choices for the future of our great Nation. * http://www.nytimes.com/2010/03/16/business/global/16rating.html
**
http://www.nytimes.com/2010/04/11/business/economy/11rates.html?partner=rss&emc=rss&src=ig
*** http://www.reuters.com/article/idUSTRE6355N520100406
**** http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html |
