Coming to Terms with World Debt

The rescue of Greece provides a bailout for all the banks who have given that country credit. The U.S. is supplying billions also through the IMF fund. It is not as transparent as the rescue of the U.S. banks. There is no one in the driver's seat putting on the brakes to the growth of exponential debt here and worldwide. This will reach critical mass and then we will respond to the crisis in a reactionary way. We shall all participate in some form. It is unfortunate that we only act when force to instead of a creating an organized plan that can be executed to minimize the losses to humanity.

Fannie and Freddie need another $19B because of the toxic mortgages they continue to take from the banks at a loss. This is a reflection of the state of housing, along with the foreclosures and bank failures that continue without precedence. Standing back, it seems like every action the government takes with money is to keep the banks buoyant, regardless of the price to pay.

The past determines the present, and the present determines the future. History does repeat itself because no one stands up ready to face the truth and act accordingly.

Please be sure and vote your conscience. We who are classified as 'baby boomers' are responsible for what is passed down to our children and grandchildren. Each of us need to use that understanding to empower ourself into action.