Letters submitted by BDN readers are verified by BDN Opinion Page staff. Send your letters to [email protected]
As predictable as the sun rising, President Joe Biden showed up on national TV to address the nation about the tragic accident that took down the bridge in Baltimore. He was accompanied by our grandchildren’s credit card, promising the federal government would pay to replace the structure as quickly as possible.
Printing money for all the country’s needs without raising taxes cannot continue without collapsing our monetary system. I believe it is well on its way to doing this, although our representatives to the U.S. Senate and House seemingly have no such concern and have convinced most voters to stay the course, printing money is much preferable to paying for their spending.
It is what is called a win/win, for them and their reelection and for today’s voters enjoying the benefits of a big spending government without paying for it. Of course, for every winner there is a loser and what has become the norm is our children and grandchildren are that loser.
Hopefully if the U.S. dollar’s status as world reserve currency ends our elected leadership will take notice, as I suspect their lifestyles as the rich and famous will come to an abrupt halt when it happens.
Richard Ginn
Bucksport
