Post by troutfarm on Oct 1, 2005 13:16:14 GMT -5
Letter to the editor in the San Francisco Chronicle
U.S. spending money it does not have.
Editor – When I was growing up, if I had a quarter, I learned to save a nickel for a rainy day. That is a habit that has served me well because we all have some rainy days. In business and government, it’s called contingency planning.
When President Bill Clinton left office, he also left a budget surplus of $5.6 trillion. President Bush managed to spend all that, and begin a new deficit before his first term ended. He also started wars in Afghanistan and Iraq, and gave himself and his rich friends huge tax cuts. All this with the approval of the wimps in Congress.
David Lazarus (“Reckless spending is no relief,” Lazarus at Large, Sept. 11) told us in graphic detail that the rainy day of Hurricane Katrina will cost $500 million per day for the foreseeable future. That’s on top $5 billion a month for the unending war in Iraq.
As Lazarus pointed out, we’re already spending hundreds of billions of dollars we don’t have. That does not even take into account the extension of the $1.8 trillion in tax cuts if Congress, in its lack of wisdom, does what Bush wants.
If I ran my business like that I’d be forced into bankruptcy, sued for my debts and lose all credit privileges, with a strong suggestion that I seek therapy to help deal with my dreadful spending habits.
Bonnie Clark
San Rafael
U.S. spending money it does not have.
Editor – When I was growing up, if I had a quarter, I learned to save a nickel for a rainy day. That is a habit that has served me well because we all have some rainy days. In business and government, it’s called contingency planning.
When President Bill Clinton left office, he also left a budget surplus of $5.6 trillion. President Bush managed to spend all that, and begin a new deficit before his first term ended. He also started wars in Afghanistan and Iraq, and gave himself and his rich friends huge tax cuts. All this with the approval of the wimps in Congress.
David Lazarus (“Reckless spending is no relief,” Lazarus at Large, Sept. 11) told us in graphic detail that the rainy day of Hurricane Katrina will cost $500 million per day for the foreseeable future. That’s on top $5 billion a month for the unending war in Iraq.
As Lazarus pointed out, we’re already spending hundreds of billions of dollars we don’t have. That does not even take into account the extension of the $1.8 trillion in tax cuts if Congress, in its lack of wisdom, does what Bush wants.
If I ran my business like that I’d be forced into bankruptcy, sued for my debts and lose all credit privileges, with a strong suggestion that I seek therapy to help deal with my dreadful spending habits.
Bonnie Clark
San Rafael