US Debt Forum Articles

All politicians need to look at danger of mounting debt

To the editor

It is important to me that all Americans pay serious attention to a very important recent development in the world of politics. It appears to me that there have been many well-respected and well-admired economists, some of whom are conservative/Republicans and some of whom are liberal/progressive/Democrats (which I happen to be) who have stated that our huge national debt and huge federal government budget deficits do not pose any real danger or threat to the current and future well-being of our economy and our country. However, not all respected economists are saying this.

Obviously, conservative/Republicans are going to instinctively insist that they are “wrong,” and liberal/progressive/Democrats are going to instinctively insist that they are “right.” I want to urge “both sides” to take a long, hard look at this and to try to be as objective as possible about how “true” that it is or is not. Personally, I would love it if our federal government could safely spend more on federal government social programs that would help everyone in the middle and lower classes who are trying hard to lead responsible and productive lives. However, I would not love it if doing so would hurt and bankrupt our country.

Stewart B. Epstein

Rochester, N.Y.

https://www.albanyherald.com/opinion/all-politicians-need-to-look-at-danger-of-mounting-debt/article_81e9797e-d2a5-11eb-b884-6f7bf467d720.html

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