2011-01-28 / Letters

Unproven Scheme

Dear Editor,

The abuse of plain English by politicians has reached a new low.

Our president says that he has now become an advocate for “investment.”

In everyday English, as used by most Americans, investing means using excess money (after basic needs and savings are met) to earn a future profit.

Do you mortgage your home to buy stocks? If you do, you know very well that it is not investing, it is speculation.

In the everyday world of real people, speculation is recognized as dangerous, and when the funds used for speculation are borrowed, it is recognized as foolhardy. Please remember when you hear “invest” in this president’s words, it means “spend borrowed money on an unproven scheme.“

BOB ISRAEL

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