Now that the president, Congress, tea leaves and bankers have all agreed that the solution to our economic crises is more money, let the presses roll. Fortunately, the $10 trillion national debt will not be liquidated by us because we are broke. The burden and solution to this sinkhole is simple: Pass it on to our children and grandchildren while we are playing checkers in rest homes.
How can we enhance funds to our United States to maintain a healthy stimulus growth?
We are currently paying $26 billion in foreign aid to 150 countries that are friends and foes alike. This does not include killing funds in Iraq and Afghanistan. If we diverted part of these funds from enemy countries to our friendly states, we could fully fund education and health benefits. Why should we borrow money from China to pay alimony to hostile countries?
For those investors who have lost over 50 percent of the value of their stocks and 401(k)s, it will now take more than a 100 percent increase to get back to par without divine intervention. Whatever happened to common sense?
William K. Chapman
Salt Lake City