Here is my explanation; prove me wrong.

I’ve heard that the last week President Bill Clinton was in office, Congress had to vote on a continuing resolution to keep government running. John McCain, Phil Graham and Tom Delay added verbiage in the resolution that turned Wall Street and the banking industry into an unregulated industry. All the checks and balances were removed. A financial instrument called “mortgage backed derivatives” was then created. The financial instruments became literally numbers on a roulette wheel. Mortgages were sold multiple times world-wide. The mortgages collapsed, taking most of the world community with it. The Federal Reserve and World Bank are also implicated in this. The fat cat politicians got greedy.

That is the thumbnail version, but shame on McCain and the politicians – they knew and still know this. And it is going to get worse after the U.S. adds another $1.5 trillion to the current national debt of $58 trillion in outstanding debt and obligations the nation already has.

America is basically bankrupt, and yet the politicians just keep bickering.

Will they ever work for America?

Robert Starratt, Lewiston