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Stitch up deep pocket
The June 15 Wall Street Journal featured a short news story under “Notable and Quotable” that was in the Weekly Standard June 13. This article stated that our current debt of $14 trillion would grow to $25 trillion by the end of the next decade.
Our defense budget was drastically reduced in the Clinton presidency and some of that is reflected in the need to increase defense spending in the Bush years and now the Obama administration. Our citizens and our military are our nation’s strength. Our fiscal responsibility is our nation’s weakness. Example: Projected interest payments will be $800 billion in 2021. The Fed’s artificially low interest is not a sustainable solution.
Why are our elected officials ignoring all our funds that leave our borders and unburden other nations and countries of their fiscal responsibility. There is no question that the nation’s entitlement programs need review and change. Why is little attention being given the flow of capital to help other nations?
The United States can no longer afford to be the world’s policeman and Santa Claus.
Herm Pfahl
Sandpoint