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Congressman Paulsen, Thank you for trying to convince the Fed and the administration to adopt a prudent course with our country's present and future financial position. This president may have inherited a financial problem but it was at least one that could be rectified. He has driven us into a debt that could take generations to recover from and he must stop before he ruins this great nation. I am retired and I personally have moved a great amount of my retirement savings from stocks to gold and silver in anticipation of the tremendous spike in inflation that will come in spite of your valliant efforts. I do not believe that Obama or his people will listen or admit thea they may be wrong. Nevertheless, I appreciate your efforts. Darrell Main 763-546-3077
Goverment!!! not the republicans but both parties pushing for under priverliaged people to get loans!! this was years in the making if you want this to stop spending at a local level must come down so should state and gov only three states out of fifty are no in debt montana.Norrth and south dakota we should also wheen people off of welfare and those programs make them temporary the real problem in the country i love is entitlements from unions and state local politicians to the gov this is just a real big problem also we should put politician to jail and serve more time than a drug dealer a politician has a more sinister legal evil can can do more harm than any drug or dealer or cartel im am not a socilal conservitive if your a real republic not the average repub you should and would respect the voice and the ability to choose social issues by the people for the people remmeber its not a new idea social economic principles will bring back our wealth ideas and the minority i am a dominican american college student university of new hampsher go wildcats i know what liberalism does i lived all my life in masss so if u want to change thinbgs do it yourself dont complain if you dont want to you ILL KEEP MY MONEY, FREEDOM AND GUNS YOU CAN KEEP THE CHANGE LIBERALISM DOESENT WORK ASK SWEDEN %20 UNENPLOYMENT!!
Reagan was the one who started with the huge deficits! He tripled the national debt in his eight years. Bush only doubled it. You should be wanting a Clinton policy where they actually lowered the debt with budget surpluses.
Ron Paul has been saying this for years, and they laughed at him. Who's laughing now?
John... Clearly you don't understand why mortgage rates went up. So here's a little dumbed down lesson in banking for you: Treasury issues bonds Market becomes saturated Foreign investors slow down buying US (bonds looking riskier) Treasury has excess supply of bonds Interest rates on bonds go up to intice buyers to buy excess supply Wala, Mortgage rates go up Maybe you should rethink who is to blame here...No one is trying to screw you John. Take some accountability in your life and it's outcome instead of wrongfully placing blame
We are already seeing the inflation rising from the money being pumped into the market. This is just the beginning and it won't matter how much money they pump in because the money is worthless and everything else will become worthless as well, so we will have nothing on hand for market.
Boy these Neocon-Republicans have no room to talk!! What in the heck did they do for eight years with these two wars we are fighting and record spending that they did?? Have people forgotten already the damage that the Republicans have done and that they got us into this mess in the first place?? They also, borrowed billions from China? Republicans need to shut their mouths and take their losses like they did in 2008. If they keep their status quo going, they are not just going to be a super-minority, they are going to be an extinct party!!
" .....at the expense of debasing the dollar and triggering inflation." This is true in a huge way. If this continues, the bond market will crash. Corporations will not be able sell bonds to finance projects. Economic growth will reverse to economic loss. Ramifications include the the loss of American jobs and a lower standard of living which Americans have not experienced since the great depression. The full extent of mistakes already made by the Obama administration and Democratic supporters may not be understood for almost a decade. By then it will be too late. If you want Americans to pay $10,000.00 for a loaf of bread, $3.5 million dollars for a small car, and $50 million dollars for a 2 bedroom 1 bathroom house on a 40ft by 60ft. lot, just keep printing the money. How will anyone buy anything on an average income at those kind of prices? Without adequate jobs or income, the prices don't matter, you can't buy what you need anyhow. We will all be living off the government in a socialist society ripe for takeover by communist factions. Printing too much money in Germany after World War 1 was the greatest asset in Hitler's rise to power. What makes people think that we are immune to the laws of economics? History tends to repeat itself when money is involved.
Thank you for standing up for this country by stooping this spending role this country is on. Please ask the Republican party to stand up and stop being afaird of this administration. Go back to the old Reagan party which saved our country from what Carter did and what obama is doing. Become a strong conservative party again, the rest of the world learned from their mistake and are going back to conservative prinicples that work
Where were these gentlemen when bush was doubling the debt in eight years? While we should reduce the deficit, these folks are nothing more than self-serving hypocrites. All were afraid of cheney so they did nothing for eight years and have suddenly found fiscal religion in four months. LOL.
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