ECONOMIC STIMULUS
Tax cuts, now and again
I see that Congress has finally come together and has reacted quickly to delivering an "economic stimulus package" in the form of $800 checks to individuals with instructions to spend, and quickly! In addition, Congress has determined to cut back on government spending, all in an effort to reduce the impact of recession.
It's interesting that "tax cuts" (rebate checks-stimulus package) and cuts in government spending make sense in an emergency. Why then do we forever hear that we need to raise taxes to solve our financial problems? Allowing Americans to spend more of the money they earn in the way they choose seems to make more cents.
RICK DISCHINGER, MINNEAPOLIS
Made in where? Thank goodness Congress and the president could agree so quickly to borrow $1,200 from overseas investors and hand it to my wife and me so we can buy something imported from China. Our economy is saved.
MIKE SUPINA, EAGAN
Make it sustainable I suppose you can't expect much from politicians in an election year. I haven't heard many economists say the proposed stimulus package would do much good for the overall health of our economy. But our leaders want to make us feel good about them -- to show that they "care." Setting priorities in our lives, limiting our excesses and being accountable to future generations are such passé notions.
For the most part our lifestyles are unsustainable from an environmental perspective, but our political and business leaders urge us only to spend more. More than our financial and natural resources allow. We probably need and deserve a recession.
But we don't have to turn a cold shoulder to the immediate hardship and real pain some people may encounter with a downturn. If the country is to incur more debt from our economic predicament, let it be to ensure that people get the food, shelter and health care they need. Then let's put additional resources in education, retraining and research to build the flexible and sustainable economy we need for the future.