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The latest scam being brought down on us is the ethanol nonsense which
has raised food prices and will continue to do so until someone steps up
and explains that ethanol costs more to produce than fossil fuel and it
pollutes worse than gasoline. We need to begin building nuke plants
again and do so without regard to who wants what in their backyard.
Next, we need to figure out what we're going to do with the waste.
(I suggest an island in the Bering Sea). Then, we need to put some
serious money into hydrogen fuel cell development and add as much solar
and wind power as is reasonably possible. Farmers may
be getting rich off ethanol but most of us are just paying for a
political game when we shop at the grocery store. Worse, the game
is destined to fail and fail at our expense. Surprise!
Bob
At 06:57 PM 2/24/2008, you wrote:
Here are some
interesting facts from today's paper. With the mortgage default
rate rising there are more and more people living off of their credit
cards. I can imagine, I just paid $4.85 for a loaf of bread that
was less than $2,00 a year ago.
Total credit card debt in the U.S. is $943 billion
The number of credit cards is 1.2 billion
The number of credit cards per person is 7
The Average debt per household is $9,840
The annual debt service cost per household is $1500
Only 7% or the households have no credit cards
Only 32% pay their bill monthly
8% of the card holders owe more than $25,000
The U.S; Savings rate is 0.5%
Not a really good picture for a consumer driven economy.
Ira
www.delta100.com
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