After reading Norm Ellefson’s Oct. 14 letter to the editor, I have to agree with one of his points – that is, President George W. Bush going into Iraq and increasing our debt. However, Bush in eight years increased the deficit almost $5 trillion. President Barack Obama has increased it over $6 trillion in only four years.
Obama’s problem is that he did not address the deficit first, but pushed through Obamacare, which is a burden on businesses that are not hiring because of the uncertainty of additional health costs. Obama has stated that health care costs would go down. Not so. My health care plan just increased my monthly premium by 23 percent.
Regarding the banking fiasco, it started in 2007 when Sen. Chris Dodd took over the Senate Finance Committee, and Rep. Barney Frank took over the House Financial Services Committee, and the Democrat-controlled House and Senate dumped trillions of dollars of toxic Fannie Mae and Freddie Mac loans on the economy.
Since Obama has been president, the Senate has not passed a budget in three years. Sen. Harry Reid just keeps kicking the can down the road.
Nine Mile Falls