The Joplin Globe, Joplin, MO

Opinion

September 13, 2012

Your View: Are you better off?

WEBB CITY, Mo. — The answer to the question depends on whom you ask. If it’s union workers whom Obama has spent millions on, the answer is yes. If it’s the 8.2 percent out of work and the 46.7 million on food stamps, the thousands that lost their homes, and the people on Social Security drawing $700 to $1,200 a month and paying higher prices for their living expenses, then they will say no they are not better off.

Obama has us $5 trillion more in debt — we are up to $16 trillion — so nobody in this nation can say they are better off when we all owe that debt.

Obama wants to pay $4 trillion in 10 years on the debt. At that rate it would take 40 years to pay it off if we didn’t go in debt more. But how many recessions and depressions would we have in 40 years? Anything can happen.

Being trillions in debt will not help the economy, or the borrowing powers, and we have to borrow 33 percent or more of every dollar we spend, which tells me the debt is going higher. If this nation is to survive, there is going to have to be some deep cuts in our spending, which people are not going to like.

The debt has been piling up ever since Franklin Delano Roosevelt. Both parties are to blame. They both robbed Social Security to make their budgets look good.

Through my 91 years I have watched all this take place. As far as being better off, as long as we owe $16 trillion and no limit in sight, nobody is better off.

Clovis Steele

Webb City

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