Cut Federal Spending
To The Editor:

Federal government spending is out of control. The accumulated national debt now tops $8 trillion; the current fiscal year will have a red ink total close to $300 billion. The dollar's value is sinking badly versus the Euro and other currencies, and our nation's trade deficit continues to soar. Every economic indicator practically screams that the nation should cease excessive spending, cut back or cancel many government programs, and cease passing along huge indebtedness to future generations.

Meanwhile, foreign holders of U.S. debt such as Communist China have been given power to dictate U.S. policy. Should China and these other countries decide to sell their U.S. bonds, a worldwide depression felt most intensely right here in the United States would result. Fiscal sanity hasn't been practiced for decades. And the Bush administration, along with a compliant Congress, show no signs whatsoever of restoring fiscal responsibility.

Everyone should write to their representatives and let them know that we have got to get spending under control!
Very truly yours,
Janet McCarthy
Flushing