I had worked for nearly 50 years, starting with pumping gas when I was 14. I paid my way through engineering school. Worked my way up to what you'd call middle management, before I semi-retired this year. My wife and I raised our children, put them through college, and they are productive, good citizens now. While we scrimped early on, going pay check to paycheck, other than a mortgage, we never carried debt. Paying off the mortgage was one of my pre-retirement goals, and we managed to do so. Mind you, we've lived in our house since 1980, the only thing flipping since then were hamburgers on the backyard barbeque. My pension is reasonable, we have no debts, we've done all the right and responsible things, and now I am starting to feel like a sucker! You might ask why?
Because I will be paying off the debts of irresponsible consumers and the salaries of high paid financiers. I will be getting no tax breaks, while Washington is creating them for those who want to borrow, and live beyond their means once again. My biggest uncertainty is not about the Dow Jones, not about housing prices. It is about taxes and inflation.
What is currently going on is eventually going to have to be paid for, either by more taxes or by inflation. Maybe it will be creatively deferred until past my time. But we have also gifted our children with the "responsible gene". If Washington doesn't get me, then it will make suckers of our children. Social conscience is OK by me. Helping those in need is also. But throwing my tax dollars at greedy crooks, greedy idiots (lenders and borrowers) and adding more pork to wasteful programs and pet rocks is not.
President Obama, perhaps this is not the story you wanted to hear, but it is a real, true, and American story. Thank you for your time.
Author Tananarive Due makes an impassioned plea to those who are fearful about Obama's campaign. Overcome your doubts and "throw your hat over the fence and climb over to get it", she writes.
Well worth reading and sharing.
