Letter to the Editor

BY DI READERS | JULY 21, 2011 7:20 AM

SocialTwist Tell-a-Friend

Dems deserve debt ceiling blame

Why is everyone always so quick to blame the Republicans? The latest stalemate over the nation's $14.3-trillion debt limit seems to be blamed almost completely on Republicans' refuseing to adopt a tax increase on America's wealthiest citizens and corporations.

But large companies provide the greatest amount of employment for the American people. Why are Democrats so insistent that these companies be the one to foot the bill for their rampant spending, when raising taxes is a short-term solution to a long-term problem?

The GOP has proposed a viable solution: balancing the budget. Although the idea of balancing a budget is quite revolutionary as far as the government is concerned, the "Cut, Cap, & Balance" legislation passed the House late Tuesday by a vote of 234-190. It is unlikely to make it much further — even if it passes the Democratic-controlled Senate, President Obama has promised to veto it. Why the government would not try to spend within its means remains a mystery to many. It often seems that Obama's anti-debt crusade is just another attempt to reassert his political platform for 2012.

George Tzanetakos
UI sophomore

> Share your thoughts! Click here to write a Letter to the Editor.

comments powered by Disqus

Privacy Policy (8/15/07) | Terms of Use (4/28/08) | Content Submission Agreement (8/23/07) | Copyright Compliance Policy (8/25/07) | RSS Terms of Use

Copyright © The Daily Iowan, All Rights Reserved.