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Letter to the Editor: Politicians should be held to same fiscal standards

Wednesday, July 17, 2002

To the editor:

We have been hearing a great deal about corporate fraud. At least one corporation has been accused of cooking its books by using borrowed money as revenue. Many government officials have said corporation officers who falsify their financial statements should be locked up.

Our government on July 12 projected a budget deficit of $165 billion for the current fiscal year. At the same time, the national debt had increased $319 billion during the fiscal year. It will grow even more during the remaining two and a half months.

The budget deficit is artificially lowered by using money borrowed from the various trust funds as revenue. Our government officials should be held to the same standards as corporate officials. What is good for the goose is good for the gander.

JOHN SNOWBERGER

West Plains, Mo.