Viewpoints
STIMULUS LOAN
By R.K. Rice
March 17, 2008
Monday PM
Our household has received our first application for our "stimulus
payment" from the IRS. This year the federal deficit is
projected to be only $163 billion. So far this decade the total
deficit is over 1 trillion dollars. That is money that we borrow
from various lenders around the world and largely the Chinese.
The taxpayers pay the interest on these loans. As we are currently
in a deficit spending year, this means we must borrow the $180
billion or so that the federal government is sending out to placate
the US taxpayers.
I really believe "borrow
and spend" is very unfair to our children, grandchildren,
as they will have to pay the interest on these loans for probably
all of their lives also.
People who are having a desperate
time trying to keep warm and fed in the face of these astronomical
energy prices, certainly need this loan to keep going. I could
always use an extra $600-1200 bucks, but in good conscience I
will not apply for this loan from the Chinese that my children
and grandchildren will burdened with.
Sincerely,
R.K. Rice
Ketchikan, AK
About: "Pay my own way
Democrat"
Received March 16, 2008 - Published
March 17, 2008
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