Letters

Letters 05-02-2016

Facts About Trails I would like to correct some misinformation provided in Kristi Kates’ article about the Shore-to-Shore Trail in your April 18 issue. The Shore-to-Shore Trail is not the longest continuous trail in the Lower Peninsula. That honor belongs to the North Country Trail (NCT), which stretches for over 400 miles in the Lower Peninsula. In fact, 100 miles of the NCT is within a 30-minute drive of Traverse City, and is maintained by the Grand Traverse Hiking Club...

North Korea Is Bluffing I eagerly read Jack Segal’s columns and attend his lectures whenever possible. However, I think his April 24th column falls into an all too common trap. He casually refers to a nuclear-armed North Korea when there is no proof whatever that North Korea has any such weapons. Sure, they have set off some underground explosions but so what? Tonga could do that. Every nuclear-armed country on Earth has carried out at least one aboveground test, just to prove they could do it if for no other reason. All we have is North Korea’s word for their supposed capabilities, which is no proof at all...

Double Dipping? In Greg Shy’s recent letter, he indicated that his Social Security benefit was being unfairly reduced simply due to the fact that he worked for the government. Somehow I think something is missing here. As I read it this law is only for those who worked for the government and are getting a pension from us generous taxpayers. Now Greg wants his pension and he also wants a full measure of Social Security benefits even though he did not pay into Social Security...

Critical Thinking Needed Our media gives ample coverage to some presidential candidates calling each other a liar and a sleaze bag. While entertaining to some, this certainly should lower one’s respect for either candidate. This race to the bottom comes as no surprise given their lack of respect for the rigors of critical thinking. The world’s esteemed scientists take great steps to preserve the integrity of their findings. Not only are their findings peer reviewed by fellow experts in their specialty, whenever possible the findings are cross-checked by independent studies...

Home · Articles · News · Random Thoughts · No Free Lunch
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No Free Lunch

George Foster - August 12th, 2004
Code Red. Code Red. Take cover, the U.S. Treasury just launched its own terrorist attack on America in the form of $500 billion in federal deficits for next year.
I thought Republicans were the party of fiscal restraint, personal responsibility, and ANTI-big government. This federal deficit is the largest in U.S. history and don‘t give me the pat excuse that our overspending is an anomaly - the result of being at war.
True, we are spending hundreds of billions in Iraq and Afghanistan. Yet, the fight against terrorism will last for decades. If we can‘t stop federal spending from spiraling out of control while we are nation-building, how many trillions will the deficit increase if we are forced to engage in a conventional battle against a foe who will actually fight back with comparable weapons (i.e. North Korea)?
The accelerating deficits are an outrage - a growing menace to our country‘s stability and moral fiber. Economist Milton Friedman was correct when he boiled down his philosophy of government into “there is no such thing as a free lunch.“ When we spend money we don‘t have - trillions of dollars that our children and grandchildren will need to pay off - the chickens always come home to roost.
The widely-respected Brookings Institute has come out with a report named “Restoring Fiscal Sanity: Balancing the Budget.“ The list of how spending overages kill our economy in this report is jarring. Deficits increase household borrowing costs, increase indebtedness to foreigners, require a larger and larger proportion of revenues to be used to pay debt interest, impose enormous burdens on future generations, and most of all - slow economic growth. The Brookings Institute report also points out that the value of the dollar is at an all-time low when compared to currencies such as the Euro and many experts believe this is largely due to global concerns about the U.S. federal deficit.
In his State of the Union address, the President pledged to reduce the deficit by 50% in five years. Yeah, right. Some experts believe the projected $500 billion shortfall for next year is an optimistic estimate of excess spending - it could run closer to $700 billion after the dust settles. Obviously, we might as well get over any idea of reducing the deficit in the near future.
Even fiscal conservatives, who normally support Republican policies, are disturbed by this latest trend. Wall Street Journal editorials and the Heritage Foundation have both called for a higher priority to be placed on deficit reduction. Recently, dozens of Republican Congressmen met to formulate a strategy to attack the deficit.
The annual spending under George W. Bush has mushroomed far beyond any budget during Clinton‘s presidency. A major reason: politics. For example, under an onslaught of criticism from liberals for not providing enough protective body armor and benefits for all military personnel, the Bush administration recently signed legislation totaling $413 billion in increased defense spending.
If you believe John Kerry‘s attacks on Bush for miserly spending on troops at the Democratic Convention might have contributed to pushing this legislation through, you would be correct. Kerry says he would eliminate most of the recent tax cuts aimed at wealthy taxpayers, in part, to eliminate the deficit. The problem is that independent analysis shows reversing these tax cuts will only reduce the federal deficit by about $100 billion - not nearly enough to make a significant dent into the problem.
No one in Congress, the President, or any presidential candidate has the backbone to make the sacrifices necessary to eliminate the federal deficit and balance the budget. The only practical solution: we need a constitutional amendment to balance the budget every year.

 
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