Friday, April 17, 2009


If you’re waiting for Washington to save your home, income, savings, investments or retirement, you’re going to be waiting until Hell freezes over.

After all; Washington CREATED this crisis — the greatest debt bubble in history — with artificially low interest rates and lax regulation of bankers and brokers.

Now, for the past year, Washington has used nearly $3 TRILLION of our tax dollars to bail out guilty corporations and irresponsible borrowers, and this crisis is only growing worse.

And now, to add insult to injury, failed companies like AIG are using OUR MONEY to pay hundreds of millions of dollars in bonuses to the very executives who pushed them to the brink of disaster.

Worse: Despite the facts that …

The Bush and Obama administrations’ bail-outs and hand-outs are creating a massive $1.7 TRILLION deficit in 2009 …

The non-partisan Congressional Budget Office (CBO) just reported that President Obama’s new budget will add a staggering $9.3 to the National Debt over the next seven years, and … The U.S. Federal Reserve just announced it will ALSO print up to $1 TRILLION out of thin air to buy bad debt from dying banks …

The mortgage, credit card and auto loan defaults that caused this crisis are still skyrocketing, sending the clear signal that this great recession is about to become The Second Great Depression in less than 100 years.

This is worse than outrageous. It’s outright theft: A crime against future generations who will be handed the bill for bailing out guilty corporations and irresponsible borrowers.

More than that: It’s the greatest threat to our families’ financial survival in 80 years.

Glenn Nunley. North Florida.

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