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Letter of the Day: Cease donating after we’re nonetheless in debt

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Letter Of The Day: Cease Donating After We're Nonetheless In Debt


Letter of the Day


Some people look like confused on the nationwide debt. When the federal government declares a deficit of $15 billion that’s added to the prevailing roughly $768 billon, plus curiosity.

If the price range is balanced, we nonetheless have the roughly $768 billion deficit, plus curiosity, to repay. So if we had a surplus of $10 billion a yr it could take generations to repay the cumulative debt. Nonetheless, after we do get near a balanced price range, the federal government must keep away from rising program spending. It’s like you may lastly handle your mortgage cost, so that you exit and purchase a brand new automotive on credit score. It could not work for us, so why will we let the federal government do that?

If the present authorities had not given billions to overseas nations we might be plenty nearer to a balanced price range. It ought to be additional famous that the nations this authorities is giving donations to appear to have a lot of cash to spend on their army, so possibly they need to regulate their priorities.

What we’re doing is borrowing cash to provide to different nations. This could be extra palatable if we have been like Norway, which has a surplus within the trillions of {dollars}.

Ken Morken

Saskatoon

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Letter Of The Day: Cease Donating After We're Nonetheless In Debt
Letter Of The Day: Cease Donating After We're Nonetheless In Debt
Letter Of The Day: Cease Donating After We're Nonetheless In Debt
Letter Of The Day: Cease Donating After We're Nonetheless In Debt

Letter Of The Day: Cease Donating After We're Nonetheless In Debt

Letter Of The Day: Cease Donating After We're Nonetheless In Debt

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