To the editor:
Republicans just raised America’s debt to almost $40 trillion.
Think about it: A stack of 40 trillion one-dollar bills would reach a mind-blowing 2.7 million miles into the sky, more than 10 times the distance to the moon!
You, your kids, and your grandkids will be paying off this debt for a very long time—not only in increased taxes but with soaring interest rates and massive cuts to Social Security, Medicare, Medicaid, veterans’ healthcare, the environment, climate action, and every federal department.
There is no good economic reason to have this level of debt. We aren’t fighting a war, a pandemic, or high unemployment. You wouldn’t run your household like this, and “serious people don’t govern on the basis of crackpot economic doctrines,” says economist Paul Krugman. Clearly, adds Krugman, “we are no longer a serious country run by serious people.”
To Krugman’s point: Republicans always preach absolute fiscal conservatism when there is a Democrat in the White House, but they spend your money like drunken sailors when there is one of their own in the Oval Office.
We should be taking action to bring the national debt down, not giving away our treasure—and our future—to billionaires and large corporations.
So, brace yourself. The 2008 Debt Crisis, which fueled sky-high inflation and interest rates, will look like the good ol’ days when this MAGA debt bomb explodes.
Lee Harrison
Williamstown
Click here to read The Berkshire Edge’s policy for submitting Letters to the Editor.
