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Our leaders lost track of our country, citizens
The Gazette Opinion Staff
Oct. 28, 2010 4:57 pm
We have a leadership that is comfortable in governing against the will of the majority of the citizenry.
Jerry Carlson, Landowner editor emeritus, reported in his Aug. 26 newsletter: “Since 2007, multiple government and Federal Reserve bailouts have ballooned the U.S. national debt toward
100 percent 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.”
A savvy U.S. market guru, Richard Russell, says in his Dow Theory Letters he's “absolutely convinced” 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.
If this is where you wish to go, then don't change your vote from the Dem lever you always pull. If you are worried about what could happen if we keep the same course, vote for someone else. Think of your grandchildren and their offspring.
If the Republicans win, they are on probation, at least with me.
John Stiegelmeyer
Vinton
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