Monday, March 31, 2008

Denial the Deficit and the Dollar

Surely, no one wants to face the sobering fact that the deficit has weakened the dolar and the U. S. financially. Does anyone in Washington D. C. care? It seems not. They all have their golden parachutes and fat pensions. What can you do? You can write your state legislators and ask them to support a proposed balanced budget amendment and support a convention for such.

The following states have not yet called for a constitutional convention to propose a federal balanced budget amendment: Alabama, California, Connecticut, Florida, Hawaii, Idaho, Illinois, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Montana, New Jersey, New York, Ohio, Rhode Island, Vermont, Washington, West Virginia, and Wisconsin.

Printing money, while necessary in the short term, is surely inflationary for the dollar. Is that part of the scheme to pay off the debt?

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