Dear Sir:

I have learned over the the last twenty years from by own experience that you can live high on the hog for several years borrowing money to do it. I have been living beyond my means and I have accrued up a lot of debt. I kept borrowing money, and re-financing my assets to stay afloat, but it wasn't working. Eventually the debt and interest payments started overwhelming me, and was leaving me unable to recover.

I have analyzed by position and I have came up with my own financial plan to be out of debt within seven years or less. Between selling off the non-necessacities and pulling money out of savings to payoff some debt, I have enabled my family to live with in our budget with a iittle left over. The extra money will be used to help accelerate the paying off of the other rest of the debts. Once I have done this I will have eleviated myself from over $2000 of debt payments per month. This money will become free cash for me to save and invest. This is very important because i now have college age children.

Mr. President, I believe that nation economy works on the same rules and principles as home economics works, except all of the number has six zeros after them. I have watched you for over a year now, and know that you and your wife are very frugal, and have not lived over your means. I even saw that you stayed at a small apartment in Washington D.C. while you were a senator. I know at times that when you did not have much money, you did not go out and barrow it. With this I exhort you to use the same principles you used for your personnel finances to the finances of our nations economy. Please apply the same principle as president to our economy as you did to you own personnel finances, and do not borrow to try to get the economy going. Mr. President, the stimulus package that you guys are promoting is barrowed money. You wouldn't borrow for your own family, please do not do it for the nation.

Instead of borrowing money, I urge you to do as I did, and find a way to cut spending and get our debt lowered. Then, and only then will we start on a recovery. I could not solve my problems by borrowing more, and neither can this nation. I am afraid, Mr. President, that taking on more debt will make our bond market crash. Basically, all this debt is being created through the bond market. If the other countries stop buying our bonds because they believe that the debt is to high, the bond market will crash and our country will be bankrupted. Please don't let this happen!

For our economy to recover we have to eliminate debt. The corporations that employ the millions of Americans have to be able to make money to employee them. We have to have strong corporations in order to have a strong middle class. I heard you say, we have to have strong middle class. Yes, we do, and for them to be strong, they have to have employment. Without employment, they are no longer middle class, but un-employed. Please help us save our corporations and our middle class. They are simbients. You cannot have one without the other. You need corporations to provide the jobs, and the workers to work them. They co-exists.

Government spending to create jobs is living off borrowed money, and as addressed earlier in my letter, does not work. The corporations have to be able to stand profitable and be able to employ the working class. Once the corporations are strong, everyone is working, then the economy will recover, not until then. No matter how much the government spends, it cannot help, because the government will either have to borrow it, or tax the corporations to get the money. This putting the corporations in to more hardships and possibly laying off more employees, as we are seeing today.

I urge you Mr. President to look at the government spending and cut everywhere you can. Get our spending in order. Pay down the debt. Allow our corporations to recover, do not place any more hardships on them, and try to relieve some of the hardships if you can.

You and I have to do it at home, the government should have to do it for our nation's shake. Our government as grown to the point that over one-half of the people employed, work for the government. This means that every non-governmental working person has to pay the wage of a working government employee. One-half of our incomes goes to the government as either sales taxes, property taxes, local taxes, state taxes, or national taxes, and now I understand why.

Please Mr. President. Cut spending, lower our debt, in order to cut interest payments. And by all means, do not pass the stimulus package.