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Hernando Today

Now That Obama Is President, Deficits Don't Seem To Matter

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The Tampa Tribune

Published: March 13, 2009

This past Wednesday I read with interest the letter from Dallas Dunlap, and halfway through it I was struck by something he said: "Complaints about pork and rising deficits miss the point. To the economy, it doesn't much matter how the money is spent."

To him and people who think like Mr. Dunlap I would ask the question: Since when?

Since when doesn't the deficit matter? If I am not mistaken, in the past eight years it has been people like Mr. Dunlap complaining how Bush and the Republicans had squandered the surplus and drove us deeper into debt.

But now that Obama has become president that doesn't seem to matter. In fact, under the Democrats, our deficit has grown even bigger.

What Mr. Dunlap doesn't seem to understand is that this increasing deficit is going to cost the next generation, or he just doesn't seem to care.

After all, he said that the current stimulus package is not enough. Mr. Dunlap must be a wealthy person not to care how the money he pays in taxes is spent.

While we're on the subject, since Mr. Dunlap brought up the Congressional Budget Office in his letter, I, of course, find it interesting that he fails to mention that the Congressional Budget Office said the stimulus package would not do a thing for our economy, other than waste money and increase the deficit.
Excessive government spending is not the answer. What we need to do is to encourage private businesses to grow by offering them lower corporate rates and tax credits to hire people in this country.

We should close all tax loopholes and increase the personal income tax rates on the very wealthy. We should also call for our congressmen and women to cut all the pork from our budgets, and we should vote out anyone who doesn't.

After all, they work for us, or at least they're supposed to work for us.

Peter Stathis

Spring Hill

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