Friday, January 18, 2013

TL Davis - Letter to the President

TL Davis, a faithful Patriot whom I admire, has written an open letter to the President of the United States. Please go to his site, read his words and bookmark his site.

Mr. President

Today, there are families who question the direction of the nation. There are fathers and mothers trying to figure out how to pay the bills, to put children through college, to just get by everyday when wages have been depressed by overwhelming unemployment. I know it is at 7.8%, but that doesn't tell the whole story. Your economists understand what I am saying. 

We are a nation saddled with many bills and deficits that are not realistically ever going to be repaid. For example, the treasury receives around 2.3 trillion dollars in revenue every year, but spends nearly 5 trillion, or 5,000 billion dollars. There are concerns that to continue to operate the federal government, social security, medicare, medicaid, etc., the government is going to have to devalue the dollar. QE 1&2 didn't do it. The Stimulus package went largely to government entities as grants and such. This is not a criticism, but it is a fact. That money did not filter down to small business.


T.L. Davis said...

Thank you for the kind words.

wirecutter said...

Don't thank me, TL. You earned those kind words. I don't give them out freely.