Hey government, money doesn’t grow on trees

In 1939, Henry Morgenthau, the U.S. Secretary of the Treasury, stated “we are spending more money than we have ever spent before and it isn't working. All we have accomplished is to amass a huge national debt and the unemployment rate is the same or worse than when we started.”

That was after eight years of the New Deal and huge government spending. It didn't work then and it isn't working now. The Japanese tried to spend themselves into prosperity in the 1990s. It failed and they ran up a staggering debt.

We are spending money like there is no tomorrow. When are we going to learn that if the government gives out money, it has to get it from somewhere? The money being tossed about now is coming from the printing presses and eventually from the taxpayer. This cannot go on forever.

Gary Rees

Manchester