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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (37932)	5/26/2007 4:13:53 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 542256

Dale; National debt and regulating the financial system are non sequiturs. You think we can separate the two? I don't. You don't think that the misuse of debt in our country is undermining the banking system and the value of the dollar? Have you seen what has happen to the value of the dollar lately? ........Did you see where Kuwait has just stopped using the dollar as a basis for their oil exchange? Some argue that the reason Bush went into Iraq is because Iraq also planned to do what Kuwait just did. The Libertarian position is one of strength for the American financial system by relying on gold as stabilizing force. Now, I'm sure as heck not smart enough to argue the details of this, but I do understand debt. Debt can be a good thing or a bad thing. If you use debt as a leverage for creating infrastructure for instance, it might be a worthy goal. To use debt to party - as America is doing currently - is very troubling. Shameful! It weakens America and places the burden of repaying our lifestyle of today on our children and grandchildren. I think it is wrong and it is one of the reason I find neither party - democrat or republican responsible. Party on! Fight a war, but just put it on the debit card. Party while soldiers are dying in Iraq? No, the financial mischief in Washington DC is the sound of children playing with money - with no sense of tomorrow. I would argue we have become dysfunctional while on regulation and oversight. steve