To the editor,
This Republican Congress is about to pass a budget that includes a significant deficit. This deficit will require our country to borrow money, primarily to fund a tax cut. A tax cut that will benefit mostly the very wealthy and, by the way, President Trump as well.
The proposed cuts to social safety net programs, such as Medicaid, do not nearly cover the deficit.
All this comes at a time when the US credit rating has been downgraded, the dollar has weakened, and US bond prices have fallen, indicating that investors are beginning to lose trust in the financial stability of the US. In supporting Moodys downgrade, the Wall St. Journal has stated editorially, the U.S. is on an unsustainable debt trajectory.
There is only one possible reaction to these actions.Fundamentally irresponsible.
Dr. Tom Dean
Wessington Springs
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