Letters to the Editor for Monday, December 1, 2008

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Deflation would have dire consequences
The Federal Reserve members are waking up to the real danger to our economy.

Letters to the editorClick to send

This week’s drop in the consumer price index has raised the specter of “deflation.” Deflation is when money gets scarce and, therefore, more valuable. The price of goods will fall to try to match the new reality, but deflation is the enemy of anyone who has a lot of debt to service. Debt service is agreed upon for the long term and as money gets scarcer it just becomes more difficult.

It shouldn’t be a surprise to government regulators that deflation was a distinct possibility; it wouldn’t have been had they been looking at the middle class. For years, while the administration unsuccessfully practiced trickle-down economics with their tax cuts for the rich, the members of the middle class were losing earning power and asset value. Trillions of dollars of middle-class assets have disappeared with the housing and stock market collapses. Most members of the middle class have no purchasing power left when they consider their debt load. They are now against the wall, looking for food and shelter, the basics only. Trying to keep the kids fed and warm.

The corporations and governments who need the middle class’ money to service their own debts may also get caught up in this deflationary price spiral. Without significant changes, expect massive cuts in the amount of stuff on the store shelves and in the government’s bag of services as these entities begin to suffer along with the middle class.

The solution is to get money to the middle class while at the same time building an economy and infrastructure that is appropriate to the world in which we live. Middle-class debt should be on the government’s front burner.

Building a sustainable economy based on community principles with distributed and renewable energy sources and high-speed information services for every U.S. household could be the work projects that supply the wages that make our country a better place to live with a working economy again. The sooner this can be started, the less deflation we will have to contend with.
MICHAEL TABONY
Gladstone

Keep it blocked
In response to a Nov. 26 letter about the blocked lane on the overpass where Timberlake Road crosses the Expressway, I think it’s safer with the lane remaining blocked permanently. I have used this overpass five days a week for seven years. The problem I have experienced is the traffic coming onto Timberlake Road East from the Expressway uses the closed lane for an acceleration lane and refuses to yield to eastbound traffic on Timberlake Road that desires to exit onto 501 North. I’ve had many near misses trying to exit onto 501 North from Timberlake Road.
RALPH SHEPARD
Lynchburg

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Reader Reactions

Flag Comment Posted by Randolph Knipp on December 01, 2008 at 10:46 pm

Fred, my friend, you are wrong only in making conclusions from flimsy evidence.  Our disagreements are in how we look at things.  When people argue about “Right to Choose” and “Right to Life”, the Choose side is talking about the mother’s rights, and the Life side is talking about the baby’s rights.  There is a lot of yelling and name-calling, and insults and conclusions, but it is as if the two sides are facing in the other’s direction but are two miles apart horizontally!  When we talk about Iraq, we see different things.  I concede there is terrible tragedy in war, but to me the important thing is the freedom that has been brought to those people.  I think that to you the tragedy of lost lives is the over-riding concern.  We look at things differently.  So, that gives you the right to call me stupid, ignorant, indoctrinated, and anything else you like.  I hold no such view of you, my friend.  You are a fine person, and involved, and I only wish we could be more civil to one another.  Do you understand?

Flag Comment Posted by Fred on December 01, 2008 at 10:38 pm

nonpc,

Why are you so bent out of shape? Just because I said the Nazi criminals would have agreed with you?

Flag Comment Posted by Fred on December 01, 2008 at 10:33 pm

Randolph,

I thought you told me several times that you were proud of the American involvement in Iraq. I am wrong?

I seem to remember sending you that list of all the terrible things that resulted from that aggression. That apparently did not change your mind. Why exactly should I call you savvy? You are so indoctrinated, you can’t even think for yourself.

Flag Comment Posted by Randolph Knipp on December 01, 2008 at 10:09 pm

Thank you, Fred, for the gratuitous insult.  We do disagree, don’t we?  And on that slim bit of evidence you call me ignorant…  And on the opposite side you are able to call yourself rational!  You are so wonderful, to meeeeeeee…  Can’t you seeeeeeee?

Flag Comment Posted by nonpc on December 01, 2008 at 9:11 pm

fred, you are an incredible moron. There are a good many people participating here that agree to disagree. Many diverse backgrounds and opinions, that is what makes it worthwhile in the long run. I learn something here everyday, sometimes I shake my fist in frustration, sometimes I learn to accept other points of view. But I can honestly say you never fail to show your incredibly low iq and needy attitude, you never learn a thing. You are a waste of time.
But hey, at least your consistent.

Flag Comment Posted by Fred on December 01, 2008 at 8:21 pm

nonpc,

You informed us that “In this country, when called to serve in time of war, personal belief in the conflict takes a back seat to patriotic and civic duty”.

Please don’t claim this as being exclusively an American trait. That is surely what motivated the members of the SS, some units of the Wehrmacht, the Gestapo, the Waffen SS, the police battalions, etc. in Nazi Germany in WWII. If you had been a judge at Nuremberg, you probably would have saved some Nazi criminals from hanging!

You certainly can make such convincing arguments!

Flag Comment Posted by Fred on December 01, 2008 at 8:02 pm

jedihunter,

Americans had absolutely no business going into Iraq.

According to you, we should rejoice because the “Iraqis are beginning to do a nice job of standing up for themselves and develop a functioning, albeit rudimentary government.“ You could have added “a totally corrupt government”. When Iraqi inspectors started reporting cases of blatant corruption, they were dismissed. Billions have vanished and nobody seems to know, or care, what happened to them.

That is all you have achieved and at what cost: more than 4,500 American soldiers dead, tens of thousands wounded, many maimed for life. Why don’t you watch the documentary “Body of War” or is it too disturbing for you? Over 300,000 head injuries. Unconscionable lack of physical and mental care for returning soldiers. Over half a million Iraqis killed. How many injured? Their country destroyed: supply of water and electricity at levels lower than pre-war ones. Millions of Iraqis displaced. Iran more powerful than ever. In addition, the war will cost upward of 2 trillions that we will have to pay for years to come while Bush enjoys his pension and Secret Service protection for life.

Ignorant Americans like you (that includes Randolph) call it a success; rational people like me call it a disaster of biblical proportions.

You should give my comments a great deal of credibility because I was not indoctrinated like you in the “we are the best, our country the greatest” dogma as well as being bombarded with religious hocus-pocus from a tender age. I can safely say that I am more capable of objective judgment than the great majority of Americans (and that certainly includes you).

Flag Comment Posted by jedihunter on December 01, 2008 at 6:41 pm

Fred, if you were actually a citizen, it might give your comments more crediblity.

Also, in case you haven’t noticed, the Iraqis are beginning to do a nice job of standing up for themselves and develop a functioning, albeit rudimentary, government.  I’m sure in a couple of years, you’ll attribute this soley to Obama.

Flag Comment Posted by nonpc on December 01, 2008 at 6:37 pm

eye, you are absolutely right I forgot to mention Max Cleland, he definitely didn’t deserve to be labeled in such a way.
Fred I don’t need to borrow the textbook. In this country, when called to serve in time of war, personal belief in the conflict takes a backseat to doing your patriotic and civic duty. As a citizen of one of the most embarrassingly cowardly and morally decrepit nations on the planet, you couldn’t possibly understand.

Flag Comment Posted by Fred on December 01, 2008 at 5:58 pm

Indy,

Why do you have to keep reminding me that I used to call you Sophist?

I am willing to bet Obama will do it and in less than 6 or 7 years.

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