Wants action by elected officials
To the editor:
The national debt can be fixed. Our debt-to-Gross Domestic Product ratio would only need spending cuts and tax hikes that equal 1.2 percent of GDP. In economic terms, that is no big deal. The economy is growing and the GDP is expected to remain flat for the next decade.
Those that have pushed the debt crisis as a way to attack Social Security and Medicare have done immense damage to education, our roads and infrastructure, but not to corporate welfare. Their cuts have hurt our nation long term. Asking everyone to pay their fair share and closing tax loopholes to solve this problem is not unreasonable.
Pundits that predicted the debt crises, that never happened, forgot what Warren Buffett said “Never bet against America” and Winston Churchill also said “Always trust America to do the right thing, after they have tried everything else.”
It is time for our elected officials to stop their playground antics and step up and face the facts that crippling unemployment from an unskilled work force and deteriorating infrastructure are the long term problems that must be solved.