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A recent commentary written by Paul Krugman of the New York Times and published in an area newspaper mentioned the fact that President Barack Obama’s tax increases for the richest people in the country have effectively rolled back the tax cuts that the Reagan and Bush administrations gave to the wealthiest Americans.
If that is true, why has the national debt gone from $10.6 trillion to more than $18 trillion under President Obama’s eight years of leadership? Is it because of the progressive Democratic agenda?
It’s funny that President Obama didn’t mention any of that stuff in his final State of the Union speech Jan. 12.
We are a nation of 330 million-plus people, and if we don’t start getting our country in fiscal order under accountable, competent and responsible leadership, then our alternative will eventually be economic ruin. Take that for what it’s worth.
John Hollenback
Greenfield Township
Lackawanna County