Will the conventions address the National Debt

July 15, 2016

Dear Editor

The Political Conventions are on the horizon. They should directly address The National Debt. The Debt’s effects range from Defense to Food Stamps, from employment to health care, our quality of life, and everything in between. Statistics bode poorly for US. Donald Trump has not spoken in specifics. Hillary Clinton promises more of Obama’s approach and more Federal Dollars for everything. Wake up and face the facts. Hillary will double the current spending.

Comparing our Gross Domestic Product’s ratio to our Debt, our debt is the highest in modern times. As reported by the Federal Reserve Bank of St. Louis, the Debt is one hundred percent greater than GDP, The number of employed workers is five percent lower than 2007 (US Bureau Of Labor). The annual Medium Income has fallen from $57,000, in 2007, to less than $54,000, or eight percent less. SNAP, the Supplemental Nutritional Assistance Program, according to our USDA, has grown from by $37.7 billion in 2008 to over $73 billion in 2015. Health care premiums, which have been judged to be a tax, are at record premiums and high deductibles, while the exchanges are failing.

When our country’s bill comes due, our dollar will be worthless. The Federal Reserve has printed trillions. We are primed for worse than Jimmy Carter’s inflation. Infrastructure, cities, and services will become unsustainable, but the IRS will have its hand out. Obama would have you believe the Economy is doing wonderfully.

Gerald Keer