Last week a columnist in another local paper wrote about the problem neither of the candidates is talking about. I'm not here to refute his writings, in fact I agree with most of it. Instead I'm here to try and shed some light on why no one is talking about it. The problem he talked about is the national debt.
There are only two ways to get out of debt. Make more money and use it to pay down the debt or cut your spending. In the case of our nation's problem it will take both. Making more money can be accomplished by raising taxes, which the Democrats have hinted at. But here's the problem with their plan-they have no intention of using that extra money to pay off the debt we now have. They want to spend more money. Listen to the promises they are making if you don't believe me and that goes for both sides.
The Republicans have long been advocates of getting out of debt by boosting the economy. Having more people working and paying taxes. Not people working for the government though. That's just the right hand feeding the left. The economy is pretty good right now compared to where we were in 2008 but we're still running a deficit. That tells me you have to raise taxes, too, and use the money to pay your bills. I have a question, too. How long can we go on spending like we are and not paying the bills before we go bankrupt? Donald, Hillary, anyone?
How would you feel if your father died and his creditors came and gave you a bill for $60,000? That's what we're doing to our grandchildren.
Mike Holst
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Crosslake
