Sunday, September 28, 2008
Steamboat Springs Aren't you angry? Aren't you outraged? I am. My husband and I have spent 43 years saving to buy what we need, salting away money for a rainy day, paying the total balance on credit card bills every month even when it hurt, and paying off our mortgage early in order to own our home free and clear. We haven't borrowed money to buy a car since our kids were in elementary school. If we didn't have the cash, we kept driving the car we had. We have lived within our means. I imagine most of you have, too.
But no more. I now own my share of the continually growing debt of the Iraq war, a war that I abhor. A year ago, the Washington Post stated, "The war is costing $720 million a day or $500,000 a minute." In March, the newspaper reported the total price will be $3 trillion. That's too many zeroes for me to compute. I can't imagine those numbers. But I know that I am now the owner of this debt, along with the rest of you.
That was last week. Now this week, we have added $700 billion to our debt to bail out the biggest gamblers in the world. Yes, I know they say the bailout is absolutely necessary to avoid total meltdown. I don't have the economic background to argue whether that is true or not. But there is no question in my mind that this is the result of irresponsible, unregulated gambling with my - and your - money. There was no culture of "living within our means" in the halls where these greedy decisions were made. My grandkids, their kids and several generations will struggle to stay afloat because of the irresponsibility of those who took us into this war and those who gambled our money away. It's unconscionable.