We need to stop the overspending
To the Editor:
The article regarding the backlash over Biden’s forgiveness of student loans was another, “Well, Susie did it!” diatribe. The information about the PPP payments made to a particular Republican was more confusing than informative.
Americans have no idea how their tax money is being spent, by whom, for what reason, how much foreign aid goes to our enemies, how many representatives and senators vote present, etc. The private club that peoples Washington, D.C., is termed government, but it’s not governing.
Americans are astonished that repressive governments like China, Russia and Venezuela own and dictate reporting of TV stations, newspapers, their hosts and columnists, and our media is controlled exactly as the “bad guys” are.
While media intentionally hypes party division, they distract us from the frightening realization that we, as a country, are outspending our income. Reporting that irresponsibly hypes political division advances the ticking timebomb.
The USA has held the status of reserve currency for almost a century; that means we get a cut on every single deal between countries who trade, unless those countries have existing trade deals. That’s like collecting tolls for bridges outside this country. We have reserve currency because the USA was stable, had superior production, and a reliable political and monetary system. Americans believed their president was elected fairly. We spent less than we made. Today, the significant difference is our president is detonating our monetary system and replacing it with a universal give-away system, plunging the USA into global bankruptcy.
The U.S. will collapse if government officials, at the very top continue oppressive burdens on taxpayers while bailing out the world. Pointing fingers will be as effective as ordering strychnine for arsenic poisoning.
Kathryn van Heyningen
Franklin