Our problems aren’t completely left or right
MARVIN JACOBSON, Clermont
Russ Sloan, in his weekly diatribe against everything and everybody on the left, wrote,
“Ideology can be good or bad.”
The ideology of the left is bankrupting America.”
This begs a closer look.
He is right that we have an $18 trillion debt, but the question is how did we accumulate such a huge debt.
In 1981, we had a national debt of $963 billion, with a small deficit for the year — the ideology in Washington changed with the election of Ronald Reagan.
That’s when our nation and middle class started to slide.
First we had massive tax cuts, mostly to the wealthiest among us.
Then came the largest military buildup in peace time the world has ever seen.
The result was predictable:
The national debt nearly quadrupled during the Reagan administration.
George H.W. Bush slowed the growth of the debt considerably by breaking a campaign pledge of, “Read my lips, no new taxes”
and increasing taxes, going against the ideology of his party.
Bill Clinton pushed through a large tax increase in 1993, and the booming economy of the 1990s gave us budget surpluses for the last two years of his administration.
The debt grew from $4.2 trillion to $5.7 trillion during his term but was declining when he left office.
The 2000 election returned us to Republican ideology, with their control of the House, Senate, White House and the Supreme Court.
All the tax increases that had given us the surplus were repealed, and some other tax cuts were implemented.
What the Republican ideology did with the surplus they inherited borders on insanity.
With a $5.7 trillion debt, George W. Bush got on television and said the government collected too much money, and it’s your money.
Congress proceeded to pass a bill to give it back the people with rebates.
Republican ideology got us into an unnecessary war without any funding source, and the result was the debt doubled from $5.7 trillion to $11.4 trillion by 2009.
Democrats had total control of Congress and the White House from 2009 to 2011 and were able to repeal some of the Bush tax cuts and the annual deficit was cut in half.
MARVIN JACOBSON, Clermont LETTERS TO THE EDITOR