Letter: Present spending is not a sustainable course - Ahwatukee Foothills News: Letters To The Editor

default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Letter: Present spending is not a sustainable course

Font Size:
Default font size
Larger font size

Posted: Thursday, January 2, 2014 6:45 am

Many people think that our economy is coasting along with solid growth, but what is happening is that we have an artificial economy, which is dependent upon financial stimulus from the government. The present administration has been spending about 40 percent more money than the government collects. This is not a sustainable course. We cannot keep this up, just as you cannot keep going into debt forever.

After five years, Obama has just got the unemployment rate down to 7 percent. Remember George W. Bush had an average 5.5 percent unemployment rate for eight years. He left with a federal debt of $9.5 trillion. Now, the debt is almost $17 trillion. Obama has increased the debt 79 percent during his tenure.

What is important is that we now have an artificial economy, meaning that the economy is dependent on the government to survive. Every year Obama has spent over $1 trillion to stimulate the economy. The problem is that spending money doesn’t replace productivity. Productivity is the key to having a healthy economy. Spending money just increases the debt, which has to be repaid. So far, Obama has a failing economy. There is no indication of an economy in the future that will be sustainable.

Spending huge sums of money doesn’t replace productivity for a strong economy.

Don Crook

More about

More about

More about

  • Discuss


ahwatukee.com on Facebook


ahwatukee.com on Twitter


Subscribe to ahwatukee.com via RSS

RSS Feeds


Uber Car

Ahwatukee Little League 11s win district title

Ahwatukee Little League Minors topped Chandler National North to win the District 13 title.

Despite excessive heat, some residents still active outside

By Jiahui Jia | Cronkite NewsFriday, June 24, 2016PHOENIX — It was 9 a.m. and the temperature had...

Online poll

prev next