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All Greek to me

March 7, 2012
Morning Journal News

Editor:

Is our president ever going to learn that vast new spending programs with an economy unable to come up with a balanced budget and stifling from a $15 trillion national debt will only hasten the monetary collapse of this country?

The country is broke. We are barely paying the interest on our debts and meeting our domestic requirements. We have also suffered deep and dangerous cuts in the military. The president will have to print and borrow more money to finance this crazy scheme. Obama is calling for an additional $3.8 trillion to be used for schools and roads. He claims a $4 trillion deficit savings over the next 10 years. Programs requiring 10 years to show results could be compared to shooting at the moon with a pellet gun. An exercise in futility with no results. We need to act now. Every day, every hour our economy is falling deeper into a total collapse.

When are those people in Washington going to get their heads out of the sand and inform the people of the true condition of our economy? We, a government of the people, by the people and for the people have the right and the need to know.

We are not immune from what is taking place in Greece. There they have a Socialist Democratic system at work and have discovered to their sorrow a proper economical balance must exist between a government and its people. The Greek government while trying to spread the wealth has overextended its economy to a point of bankruptcy. This is what can happen when a government refuses to monitor spending and overextends itself by allowing excessive entitlements. The consequences, the workers of Greece are in the street demonstrating and demanding money that doesn't exist.

The people in Washington should take a lesson from some of the towns and small cities here in Ohio. They are taking steps to secure their future economy by making reasonable reductions in expenditures and they are doing it now.

I hope I live long enough to see this great country find the right road to recovery and that our leaders will finally acquire the good sense to follow it.

Leon White

Columbiana

 
 

 

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