What? Is Paulson Nuts?

According to Bloomberg there currently is over $356.3 billion in credit card debt, $256.3 billion in student loan debt, and $199 billion in auto loan debt. Paulson wants to increase funds to push more debt out into the system which is hideously overextended!

More debt is not what the economy needs. It needs more income at the lower and intermediate levels to spur spending and service current debt such as mortgages.

Put people to work in government-sponsored public service projects, infrastructure maintenance and improvement, schools, police forces, and government-sponsored green industries. The system needs money at the bottom to have trickle UP. Trickle DOWN does NOT work!

The Negro Speaks of Rivers

I’ve known rivers:
I’ve known rivers ancient as the world and older than the flow of human blood in human veins.
My soul has grown deep like the rivers.
I bathed in the Euphrates when dawns were young.
I built my hut near the Congo and it lulled me to sleep.
I looked upon the Nile and raised the pyramids above it.
I heard the singing of the Mississippi when Abe Lincoln went down to New Orleans, and I’ve seen its muddy bosom turn all golden in the sunset.
I’ve known rivers:
Ancient, dusky rivers.
My soul has grown deep like the rivers.

Langston Hughes