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Fiscal responsibility is what we need
The Gazette Opinion Staff
Sep. 26, 2011 1:07 pm
One of his President Obama's “accomplishments” is gigantic debt. This debt has caused America to lose our AAA financial rating for the very first time in our history. Meanwhile, our government is borrowing about $4 billion a day - 40 cents of every dollar spent is borrowed, mostly from China and other Asian countries. This is unsustainable.
Another accomplishment is joblessness. We were told that if the stimulus bill were passed, the employment rate would stay below 8 percent. Yet since Obama took office, the unemployment rate has averaged 9.4 percent. The stimulus failed and in August our job growth bottomed out to zero net growth, the first time since World War II.
Companies are afraid to hire because of excessive corporate tax rates, undue regulations, uncertainty about the future, and the extra cost of ObamaCare.
Overspending is how Greece and other European countries have been brought to near financial ruin. In 2012, we need to elect a fiscal conservative. We cannot take four more years of such disastrous accomplishments.
Vicky Johnson
Mount Vernon
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