- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)46
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Police report filed, but no charges in incident at Cape Central (04/29/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Man accused of pointing BB gun at Chaffee resident (04/26/16)2
Reduce government spending
In 2005, I noticed wages weren't rising but house prices went up. Those with poor credit bought with nothing down. I read "The Coming Crash in the Housing Market" by John R. Talbott, Copyright 2003. Talbott explained that Fannie Mae counted on an implied government bailout. He stated rating agencies overrated mortgage-backed bonds and duped institutional and foreign investors. Talbott forecast the 2008 taxpayer bailout known as TARP.
Now I believe hyperinflation is coming. The Federal Reserve has doubled the dollars in circulation in the last two years. Businesses have banked $2 trillion and won't use it due to uncertainty. Gold prices are climbing. When the economy picks up, this glut of money will chase limited resources; buying power for those on fixed incomes will go down. Reducing government spending takes pressure off the Federal Reserve to print money. Eliminating government uncertainty will encourage businesses to use their reserves.
LARRY BILL, 2543 Prairie View Trail, Jackson, MO 63755
Paid for by Committee To Elect Lawrence David Bill for Congress, Daniel Ray Brown, Treasurer, 2543 Prairie View Trail, Jackson, MO 63755.