The recent Republican debate was fascinating. How incredible that all the contenders wanted to discuss the economy, since it was a Republican administration that gave us the great recession of 2007. If there is one area of agreement among them, it is to continue the tax cuts for the wealthy and continue the deregulation of bankers and Wall Street manipulators, precisely the policies that caused the recession in the first place.
Some people never learn. They are correct in that we must move toward a balanced budget, but in my mind, only through a combination of revenue enhancements and spending cuts and not until the more severe and immediate crises of job losses and foreclosed homes have been resolved. Early and drastic cuts in government spending now will only cause more job losses and may reverse the modest recovery from the Bush recession.
Jack Kinstlinger, Baltimore