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Overspending causes woes

Sat., Nov. 19, 2011

On Saturday Nov. 12, you published a story titled “Italian senators approve reforms” about the European debt crisis. The sub-headline to this story read “Slow growth at the heart of debt crisis.” This is a prime example of the lack of common sense that has created and perpetuated the economic problems that we are experiencing as a nation and in the world at large.

The problem is not that the economy slowed down, this was foreseeable. Nothing goes on forever. The heart of the matter is spending more than you have. As long as we are intellectually dishonest about this matter, we will continue to careen down the inevitable path towards our own destruction.

Tony Caruso

Spokane

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