Friday, May 29, 2009

LTTE: Time to start paying down national debt

The following Letter to the Editor appeared in the May 24, 2009 edition of the Bellingham Herald in Bellingham, Washington.

In eight years in office George W. Bush acquired a national debt of $5 trillion. Not to be outdone, Barack Obama has indebted us to the tune of $1.375 trillion.

I believe this is totally unacceptable. We are giving economic stimulus packages to different businesses when we should be thinking of possibly raising taxes to pay off this enormous debt.
It is estimated that if each person in America was taxed to pay the debt it would amount to four hundred thousand dollars each.

Michael Coleman

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