Stop Spending, Lending
To The Editor:

The reason so many things cost more than [they did] a few years ago is inflation. We have to pay more for food, gas, medicine and housing because our dollar buys less. The dollar buys less because it is worth less than before. This is inflation.

Inflation is caused by increasing the supply of currency. The more dollar bills, the less they are worth. The increase in currency is the result of increased government spending and easy credit issued by the Federal Reserve.

Our government debt is skyrocketing to $8 trillion and will have to be paid by our citizen taxpayers. The debt is created by borrowing to continue non- Constitutionally- mandated programs, foreign wars and foreign aid. Our government has to stop spending and giving away dollars it does not have and borrowing. Our government needs to stop expanding the money supply to cover its borrowing, which is the cause of inflation. Inflation will leave you penniless and powerless. NAFTA has further aggravated economic decline through loss of industry and jobs. It also has to be stopped. Write your congressman and senators about specific ways you want them to stop spending and lending to stop inflation. Sincerely, Vytautas Vileniskis Fresh Meadows