Lesson in economics

I do not know Nancy Conley, but I do know she probably failed economics and certainly wouldn’t have passed my class. Senators Cotton and Boozman, who both voted against raising the debt ceiling, in no way harmed the credit of the United States, nor did it imply any unwillingness to pay our current debt.

It seems left-wing ideologues do not understand the issue and use fact-free info from The New York Times, Washington Post, CNN, Associated Press and social media. I believe these organizations are not factual, truthful nor friends of our country, and they hate our Constitution. They are the Democrat Party propaganda arm like Pravda, where truth has no value.

Let me enlighten you about the debt limit. Raising the debt limit is exactly like obtaining another credit card when the first one reaches its limit; that action will not pay off the old debt and will continue to degrade our country’s financial worthiness.

Inadequate control of spending necessitates borrowing cash to allow for level spending caused by cyclical annual income, which only funds essential operations. Nonessential items include much of the White House payroll; how appropriate!

Our government receives $3.8 trillion annually in taxes and spends far more, which is the reason for our obscene focus on more debt and questionable spending. There is not one excess dollar to pay current obligations let alone the current extravagant Democrat spending plan which will not pay for itself.

The U.S. can continue to pay for those federal obligations deemed essential including Social Security, Medicare, Medicaid and the interest on the national debt (We only pay interest, not principal). The above obligations represent two-thirds of federal spending and need amending to put them on a self-funding basis.

DENNIS BOSCH

Hot Springs