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Federal red ink

Tuesday, July 22, 2008
McCook Daily Gazette
Dear Editor,

Why isn't the news media, including your publication, devoting more attention to the true condition of the federal government's finances?

The nonpartisan Peter G. Peterson Foundation recently published a primer titled "The State of the Union's Finances." It's shocking to see what poor shape the government is really in. Every man, woman and child in this country currently carries a burden of $175,000, and there's a real leadership void among the ranks of officials who are in a position to do something about it.

This new publication can be found at www.pgpf.org

I hope you, your staff and readers will read it and start asking our elected officials and candidates for office what they plan to do to put the country on a more prudent fiscal path.

It's time to stop digging our fiscal hole deeper and start figuring out how we are going to get out of it. Please have your publication devote more attention to this issue. Our future is worth covering -- not just our present.

Sincerely yours,

Bill Longnecker,

McCook

© Copyright 2008 McCook Daily Gazette

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Please say it like it is. The Federal Government does not owe all those debts, the United States of America, we the citizens, are in that mess. Our government spends and 'leads,' and 'represents,' the country and citizens.

You are absolutely right, though. Our parents passed on an egg of a debt, and we are about to pass on to our children a 'dragon's egg' of a debt, one that has no remedy. Our childrens children will dedicate a day of the year to hiss, and boo their fore-fathers, us, for what they inherited.

If we were to quit 'red-ink' spending now, we all would be walking, including the President. Only horse owners would get any work done. That doesn't mean that we shouldn't try, but I doubt our corporate back-bone.

In Christ, Arley Steinhour

-- Posted by Navyblue on Wed, Jul 23, 2008, at 5:28 PM

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