To the editor:
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.