Forget About Parties -- Tony

I got this email from Gregg. It's very good. It's party neutral. Both candidates are ignoring the issue.

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Just saw the headline of McCain and Biden pointing their fingers over the economy, etc, and both of them pretending the elephants in the room don’t even exist. (Hint: AIG is a mouse, not an elephant)

Here’s a couple of the elephants I’ve heard of

So who in government or the financial industrht NINJA loans (No INcome, no Job, no Assets) of 27% of all US residential loans in 2001 was a good idea? Let alone running them up to 44% in 2006!

Seems like somebody should have considered this a symptom as well:

Both these charts were taken from CNBC’s Fast Money on 03/20/2008. The OFHEO website has had their data for decades. The issue started in the late 90’s.

The bull elephant: Have you seen this I.O.U.S.A. movie put out by the Pete Peterson Foundation? It’s only in 10 cities? Not sure why they’re not pushing it harder ahead of the election. $9 Trillion federal debt, and >$54 Trillion unfunded liabilities, in today’s dollars. That means our government is more than $200,000 in debt for every man, woman and child in the country. Not close enough to home yet? Your current contribution to federal taxes defrays a $3 trillion annual budget. So, to estimate how much you personally need to pay TODAY so we can get back to EVEN, multiply your company & personal annual tax bill by 21x (($9T+$54T) / $3T).

Why is it acceptable for none of the media or candidates to be talking straight about this?