- Author of Waller's manuscript rewarded for helping feds (1/13/18)
- Police: Man dies from self-inflicted gunshot after standoff in south Cape (1/14/18)3
- Here's what's being built next to Chick-fil-A in Cape (1/18/18)1
- Word to your superintendent: Glass rocks Vanilla Ice parody to announce cancellation (1/13/18)3
- Jackson Area Chamber of Commerce recognizes commitment to community at annual awards banquet (1/13/18)
- Church, businesses set up pop-up homeless shelter as winter storm approaches (1/12/18)1
- City of Oran water rates violate state law, auditors find; report details financial-management problems (1/13/18)2
- Poultry in motion: 4-H participants take first in nation with barbecue skills (1/13/18)1
- Cape man wins Scratchers lottery top prize (1/12/18)
- 3 mayor candidates in Scott City; former mayor Porch files for council seat (1/18/18)
Borrowing too much money
My notice from Social Security stated: "Good News! President Obama signed a one-time payment of $250 to social security and supplemental security income beneficiaries." In the past, we were able to buy a vote with a beer, hamburger and a ride to the polls. Now our president sends $250 to 55 million residents borrowed from our great-grandchildren, using a fund that is already bankrupt.
I was born in the 1920s and started working for a large oil company in the 1940s. I still have a full-time job and have been paying into the Social Security and Medicare program for many years. When our president and Congress are borrowing 50 cents of every dollar we are spending, I strongly disagree. Add it all together and we are borrowing more money than the combined total of all presidents from George Washington to George Bush. The dollar is recently showing weakness against other major world currencies. Borrowing our way to prosperity is highly improbable.
The United States has survived the Great Depression and several tough recessions in the last 70 years without taking control of many of our major corporations. We are moving away from our highly successful capitalistic system, which has given us the highest standard of living on Earth.
GLENN REEVES, Cape Girardeau