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Blame deficit on stimulus, bail-outs, health care Print
Letters to the editor
Thursday, Sep. 29, 2011 -- 12:00 AM

To the editor:

In reference to Tony Magliano’s column (September 22 issue), the following failed to be mentioned in the reasons for our “sick” deficit: $5 trillion dollars spent on stimulus, bail-outs, and "Obamacare".

Three U.S. wars cost us approximately $1 trillion. Military budgets are already again at dangerous lows. Regulations are grossly increased, not decreased. Banks are trying to survive congressional and government interference, their portion of stimulus money doing nothing to improve the economy.

Businesses’ survival using corporate tax loopholes is the only positive lack of congressional interference recently. Bush tax cuts were and are for all U.S. citizens, not just the wealthy. The rates on capital gains are still higher than in most global economies.

Our deficit has not resulted from anything corporate giants or little businesses have done. Our deficit has resulted from increased size of government and public sector jobs while failing to allow freedom and stability so that private sector businesses can expand. If you want the wealthy and the government to take care of the poor, the wealthy must be free to create private sector jobs (the government’s only funding).

Jane Tarrell, Highland

 
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