- Obama shortens sentence of inmate from Cape (1/19/17)9
- Business notebook: Jackson salon owner also opens a clothing store (1/16/17)
- Area hospitals hope a box helps prevent infant deaths (1/19/17)6
- Jackson police describe night of anger, car crashes, drug possession by 18-year-old (1/22/17)5
- Two subjects of interest in 1992 homicide to take polygraph tests (1/15/17)8
- Meat-processing plant faces $70K penalty for Clean Water Act violations (1/17/17)4
- Cape SportsPlex contractor offers a look at the project (1/15/17)14
- Local students to perform with choir at inauguration (1/19/17)3
- Southeast to lose $3.5 million from state in budget cuts (1/18/17)21
- Subjects of interest in 1992 killing take polygraph tests; results not revealed (1/18/17)2
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