The Economy is Failing

This post was written by marc on January 23, 2008
Posted Under: Letters to the Editor

Letter to the Editor

Today’s emergency interest rate cut to keep the market from collapsing shows how close the economy is to falling apart. The reason it’s falling apart is because we’re spending more money than we have. Today’s rate cut was just a short term fix to get us through the day. It’s like borrowing on one credit card to pay off another. We can’t get out of debt by printing more money. We have to change back from running a deficit to running a surplus like we had when Clinton was president.

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