Reply #18: Hey BabSis, The author responds to your comments.... [View All]

Mr. Kazan wrote:

It was interesting to read the comments. "Babylon Sister," for example, made a very good point. I agree with her.

Why should she believe in an anonymous blogger when financial people of stature have made such supportive comments of what President Obama and Congress are doing with all this spending on bailouts and stimulus plans.

It will somehow lift us from our collapsing economy but no-one has told us how. Nor have they addressed the hideous results thus far. Their only response is to throw vaster sums of money at it.

Of course no-one has told us how we will pay for this spending nor discussed the fact the U.S. government can no longer borrow enough money to pay for it and since September, according to Fed Chief Ben Bernanke, has started printing some of the money.

These financial experts aren't discussing the vast military spending on wars and weapons, nor that the spending is rapidly escalating. I guess there are no dire financial or moral consequences to massive open ended spending on wars.

But "Babylon Sister," is right. She should skeptically question my predictions. But I encourage her to read the original article "The U.S. Is Going Broke!" ( http://saneramblings.com/phpBB/viewtopic.php?f=1&t=139 ) and take actions such as those I outlined, to protect herself, just in case these people of financial stature are wrong.

Thank you all for your comments.

Dick

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OK, there ya go.