To the editor:

Whoa!!!!

Let’s stop and take a look here. Another stimulus check? Do you really need it, or is it just another want? You do realize this is borrowed money, don’t you? And every dollar borrowed sacrifices our grandchildren on the fiscal alter of inflation.

We’ve already extended two trillion dollars for stimulus checks. The latest proposal is for another $1.9 trillion, $2 trillion for infrastructures, $1.7 trillion for climate change, and heaven only knows what else. We’re talking about $7 trillion in borrowed money being printed the next two years.

Coming inflation is going to annihilate investors’ portfolios, but the real damage takes root in areas where it will do the most damage. Food and fuel inflation is rapidly pushing up the price of things the working class can least afford, but can’t go without. What to do when gas is $4.00 a gallon and a loaf of bread and gallon of milk costs $10?

These stimulus policies create a vicious stealth tax on everyone, and the more federal debt we rack up, the greater this “inflation tax”. Is this the fiscal legacy we leave our grandchildren for the benefit of another unearned and unneeded check? With local jobs going wanting for employees, anyone who chooses to be industrious and ambitious has no difficulty making their way in this community without federal stimulus. When these fiscal time bombs detonate after adding several additional trillion dollars to our national debt, can you imagine what it will do to our future economy?

— Louis Bock

25 Sunset Ave.

(4) comments

Mark Alexander

What a woefully ignorant opinion. As the other commenters astutely pointed out we are at a time where either we try to stimulate the economy or things get much worse for years to come. As was pointed out all the lemmings thought it was great to give corporations big tax breaks as trumps 1st act as president and all they did was rebuy their own stocks and pocket profits. Literally no chance of any trickle to the rest of us. And donnie knew that was the case and for some reason people not getting any gain from it praised it as being such a great thing. Fools. This is no different than the selfish ignoramuses thinking since they haven't seen someone close to them directly die from covid that its all a big conspiracy theory. The narrow minded vision of the pandemic is appalling. If its not financially directly affecting me its not my concern. The selfishness of these people is infuriating. Trumps peabrain logic on so many things has infected these people like a disease

Dan Gatzke

Where was the concern about the increasing debt when $2 trillion was handed out in tax breaks to the most wealthy individuals and corporations? IMHO, it doesn't make sense to to give tax breaks and subsidies to corporations that make billions in profit, pay obscene wages to their executives and pay employees wages that require them to get assistance to live - that we as taxpayers provide.

Adam Umbreit

I think you need to do your homework on how the world’s economy actually works. I bet you didn’t know that not only do we owe trillions to other countries, but those other countries also owe trillions to us. In the end, it is a total wash and everything including inflation will eventually balance out. I bet you didn’t know that China owes us trillions, Japan owes us trillions, and many other countries owe us trillions. Foreign investors hold roughly 40% of our nation’s debt FACT! Republicans balk at this only because stimulus helps the economy and Republicans want to see failure from the Democrats which is about as un-American as you can get! The Republican plan trickle-down payout to us taxpayers has been a disaster. Why do you think the push for a raise in the minimum wage is such a big deal? Because currently wages do not match inflation so it can’t balance out. If you can post something here that actually shows how the Republican trickle-down plan has benefited anyone other than wealthy business owners, we will be all ears.

Dale Failor

Easy to say while you sit on your sofa in a warm house and a kitchen full of food to eat. There are more people out of work now than there were during the great depression. Millions of people don't know where their next meal is coming from and can't pay their rent. Wake up and watch the news while your sitting on your couch eating a bag of popcorn.

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