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Once again, I'm amazed at how shortsighted our leaders are when it comes to fiscal responsibility for our nation. Here is a response I received from my Senator, The Honorable Jim Webb after sending him a note several months ago.
Dear Mr. Boyer:
Thank you for contacting my office regarding federal spending and the ...
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With all that has been going on these last couple of years with our economic times, I feel the call to write about the problem in a clear and concise manner. You won't hear any thing about derivative securities or sub prime mortgages or [insert industry here -- banking, auto, etc] bail out. Let me be as clear as possible and bring it ...
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Here is a great explaination of the current credit crisis by David Leonhardt at the New York Times.
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