Our national debt is climbing by the minute, now reaching the greater portion of $9 trillion. The Washington Post notes that stock market buyers were willing to accept interest rates for Treasury bills of only 0.2 percent, the lowest since WWII. Through the money market mutual funds, Wall Street has become akin to Vegas -- filled with millions of greedy people, willing to gamble on the short term debt of the investment banks and the global financial-service firms.
How are we going to survive this (possible) depression? I'm not a prophet predicting some far-off event... I'm just saying, all the signs are here. We've limped along for much too long without too many bumps in the road.
The global village will never work. Hearts are conceived with the seven deadly sins built in -- pride, greed, and lust being first and most important. Americans can no longer idly sit by, content only so long as we have with our television and donuts.
But, I cannot help but believe that this (possible) depression has been caused by the Iraq War. Our national debt from that alone is staggering. I have no idea how or where the Feds are coming up with the money to cover the asses of A.I.G. But, whatever way one looks at it, this ought to be part of the presidential debate.
The Republicans are crucifying Obama for wanting to raise taxes. Not that I want to agree with Obama on anything... but, I have no other idea for paying the War; whereas, McCain wants to permanently enforce the 2001 and 2003 tax cuts implemented by G. W. Bush. Granted, I'm summarizing much, taking a lot for granted. However, I want to know why neither party is willing to talk about this?
Furthermore, I'm enraged at the fact that it will be MY generation, and my children's and grand children's generations, that will carry this burden. We will be the ones paying for the sins of today.