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Letters to the Editor

Letter: Golden rule

December 17, 2012

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To the editor:

There is a second “golden rule,” and it is represented by Kansas Gov. Sam Brownback. It goes like this “He who has the gold makes the rules.” He seems more a governor representing those who have the “gold” and less a governor concerned about all Kansans. He now has a tax program in place which places most of the cost of services for state government directly on the disappearing middle class and guarantees huge deficits in the next few years choking out all social programs. He seems to consider the problems of the poor, the very young, the homeless, those dependent on help through no fault of their own as expendable and only a liability of no political importance.

Kansas is experiencing what, so far, the United States avoided by not electing a majority of conservative Republicans in the last general election. However they still rule the House of Representatives enough to push us over the fiscal cliff and devalue the stock market by maybe 1,000 points and devalue the dollar enough that it will no longer be the safe investment it has been, perhaps elevating the Chinese yuan to that position. We will soon see just how vindictive they can be. In my opinion, it will mean the death of the Republican Party and the beginning of the collapse of the United States as we have know it.

Comments

Pal 1 year, 4 months ago

The New York Federal Reserve's regional manufacturing gauge fell to -8.10 in December from -5.22 in November. The index was expected to rise to -1. Readings above zero point to expansion while those below indicate contraction.

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Liberty_One 1 year, 4 months ago

"push us over the fiscal cliff"

Sigh. The fiscal cliff is where several taxes are raised (aka tax cuts are allowed to expire) and several automatic cuts are made. It doesn't even balance the budget, so it's hardly the doom you seem to be implying.

"devalue the stock market by maybe 1,000 points"

Pure speculation, but even it correct, that should be a warning that government is too involved in the economy. If the government is trying to balance its budget and that causes problems for the stock market, then the state is too big.

"and devalue the dollar enough that it will no longer be the safe investment it has been"

Actually forestalling the fiscal cliff would make this far worse and happen much faster. You see, what is causing the weakness of the dollar is the increasing debt of the Federal government. The Federal Reserve is monetizing the debt by buying it up and this is what is causing the weak dollar. More debt = weaker dollar. The only reason the dollar is still in demand around the world as a reserve currency is because other countries have debased their currencies even more than the US.

"it will mean the death of the Republican Party"

Let's hope so, but I doubt it.

"and the beginning of the collapse of the United States as we have know it."

That is inevitable no matter what. The US you have known over the past 30 years will not exist 30 years from today. How things will change and how fast they change, of that I cannot be certain, but it is certain that change will happen. The welfare/warfare state is unsustainable and will either have to be heavily curtailed or it will collapse. Either way, The US as you know it will not exist in 30 years.

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grammaddy 1 year, 4 months ago

Geez! Some people can turn anything into an opportunity to bash Obama. He won. get over it.

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Brock Masters 1 year, 4 months ago

The GOP has made a very fair offer to resolve the fiscal cliff. The ball is in Obama's court now so hold the rhetoric and hate speech about the GOP pushing us over the cliff until we see what Obama does.

"House Speaker John Boehner is offering $1 trillion in higher tax revenue over 10 years and an increase in the top tax rate on people making more than $1 million a year. He's also offering a large enough extension in the government's borrowing cap to fund the government for one year before the issue must be revisited — conditioned on President Barack Obama agreeing to the $1 trillion in cuts."

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