Now that the debt ceiling debacle reached its climax we can finally move on to something new, or rather more of the same without the sideshow.
Posted by Adam King on August 04, 2011
Wake up America! Don’t rob your children of their future.
August 04, 2011 – Now that the debt ceiling debacle reached its climax we can finally move on to something new, or rather more of the same without the sideshow. But there is one very important thing we all must learn from this sordid affair: Uncle Sam is not our benevolent kin.
Sam might be the leech that comes to visit and forgets to leave. Or he could be the bungling idiot that keeps trying to get us to buy into his harebrained schemes. Maybe he is just a conman, always setting us up for his cronies’ scams. However you see it, it stinks.
How do you explain making it possible for 40% of all the mortgages in 2007 to be written with just 3% down payment? It is hardly plausible that the banking industry would suddenly succumb to greed, putting an end to a century of prudent mortgage practices. It is equally hard to swallow that our supposedly learned leaders could in any way believe that was a good idea. But what could they possibly hope to gain?
Putting a bunch of hard working but gullible Americans into homes they could not afford probably looked like a sure fire way to get reelected. It was bound to blow up, of course, but they would just come up with something else for the next go-round. However, they vastly underestimated the extent of the explosion, and a new bunch got put into office. The new guys wasted no time getting to work on the next election. Problem was, they forgot what got them elected in the first place. With nothing to show the people other than saving the hides of those who cashed in on their misery, a lot of them got kicked out mid term. A third bunch moved in, and set right to work on the next election.
Maybe if the politicians stopped working so hard at making the opposition look bad they could actually accomplish something worthwhile and make themselves look good. That won’t happen of course because Americans have lost their vision. The politicians are only doing what works for the short term, and for now that’s all that seems to matter.
But the day of reckoning is fast approaching. Americans can bemoan destroying their children’s future or be grateful for having the foresight to provide them with a life-saving legacy of gold.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
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US Gold Market
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