LETTER: Should we worry about our money?
To the Editor:
What is all the fuss about the U.S. debt limit? To answer this question, visit www.usdebtclock.org and see how much every American owes. On Dec. 13, 2013, the clock showed in real time the U.S. debt at $17 trillion, with debt per taxpayer at $149,951 and total debt around $60 trillion. My grandson, a young teenager, commented, “Mimi, I didn’t know numbers could go that high.”
U.S. Treasury revenue covers the essentials — interest on debt, military defense, Social Security, Medicare etc. Why does the government need more money from us? Should we worry about this? After all, in June, President Obama’s working/ family vacation to Africa reportedly cost $100 million.
Our government awarded a limited bid contract for what now exceeds $319 million to Canadian firm CGI Federal to implement the healthcare.gov website. Now, millions more are being given to community organizers to help us navigate mandated Obamacare health insurance to replace the plans and doctors we liked.
Again, I ask, should we worry about our money? Will the Ryan-Murray bill solve the problem or make it worse?