It is human nature that when a cash cow grazes, it will attract a crowd of would-be profiteers with milk buckets in hand. Yes, Lee Nahrgang, [DRC, Aug. 13] there have been economic bubbles of irrational exuberance in the past and there will be more in the future. However your assertion that we now have an irrational exuberance of political spending is as irrational as you claim the spending to be.
When and what caused the government spending you now designate as anathema? It started in the Bush administration. Was that along with powerful friends, such as Halliburton, and other giants of the military industrial complex, part of the rich leftists you so gleefully condemn?
Did you and others of your ilk expect President Obama to do nothing to stop the runaway recession he inherited from Bush and friends?
Yes, he had to increase government spending and the key words, Mr. Nahrgang, are “had to.” Had he not engaged in his economic stimulus package, you would now be enjoying a depression that makes the one in 1929, as a part of a Republican economic policy, look like a Sunday school picnic.
Does cutting necessities include food and housing for the poor, slashes in education and alleviating pain for the sickly and old, or are necessities in your rightist’s opinion tax cuts for the wealthiest 2 percent in the nation and massive spending to further enrich the beneficiaries of the military industrial complex?
Would you rather pay off a debt or a depression?
John Nance Garner