Federal debt load untenable

The federal debt almost tripled from $994 billion to $2.6 trillion, banks were deregulated and large tax cuts were given to the wealthy and corporations during President Reagan’s eight-year presidency (1981-1989). During President G.H.W. Bush’s four-year term, the federal debt increased from $2.6 trillion to $4 trillion. The federal debt increased from $4 trillion to $5.6 trillion during President Clinton’s eight-year presidency, and he left President George W. Bush a balanced budget and $236 billion surplus.

The federal debt almost doubled from $5.6 trillion to $10.6 trillion during President George W. Bush’s eight-year term and he left President Obama with a $1.2 trillion deficit for his first year in office.

On Jan. 25, the federal debt was $12.3 trillion.

Hopefully, American people will hold the president and Congress to a higher standard in the future and vote for those who are adamant about balancing the budget and paying off the federal debt so that our children’s children will be debt-free.

Larry L. Whitesitt

Fairfield