Letter: It’s your money, your debt
Published 7:00 am Tuesday, October 12, 2021
“Obscene” best describes what is going on in Washington, D.C., right now.
Only 10% of the $1.5 trillion infrastructure bill is earmarked for infrastructure. The rest is being spent to feather the beds of a progressive Congress.
On the table is an additional $3.5 trillion reconciliation bill. A reconciliation bill can be used for three things.
1. Increasing/decreasing taxes (revenue).
2. Increasing/decreasing spending.
3. Raising the debt ceiling.
That’s $5 trillion in new spending that must be paid for with increased taxes and raising the debt ceiling. Obscene.
September polling shows that 71% of all voters consider our national debt an emergency, and this includes most independents (70%) and Democrats (63%). Suspending this country’s debt ceiling isn’t going to be used to pay America’s bills; it is being used to finance the far left’s $3.5 trillion reconciliation bill.
Remember, government does not have money: It’s your money and your debt.
Grant R. Darrow
Cove