Another Showdown on the Debt Ceiling?

Re “G.O.P. Pledges New Standoff on Debt Limit” (front page, May 16) and “Mr. Boehner and the Debt” (editorial, May 16):

Speaker John A. Boehner and the Republican Party continue to attempt to solve federal budgetary problems through more spending cuts with no tax increases under consideration. We cannot forget that the majority of the deficit has been caused by the Republican zeal for tax cutting.

We should not be fooled, as this is yet another effort to enrich the wealthy and hurt the most needy. Mr. Boehner and his ilk should be reminded that even Ronald Reagan raised taxes 11 times during his presidency. The 112th Congress should be just as open-minded and needs to stop the magical thinking that somehow cutting spending alone will balance our budget.

EDWIN ANDREWS
Malden, Mass., May 16, 2012


To the Editor:

Every Republican member of Congress who supports the party’s budget proposal should face town hall meetings this summer at which the real consequences are discussed. Citizens should be well aware of what’s at stake before voting this November.

If there is a debt-ceiling crisis — and that’s debatable — the smart way to deal with it is to increase revenue by taxing those who are reaping the greater rewards from the economy.

Fairness is what we ask, not another Congressional stalemate.

SUELLEN HOY
WALTER NUGENT
Highland Park, Ill., May 16, 2012


To the Editor:

As has been evident since President Obama was elected, the Republican Party believes that his defeat in November justifies all means. Economic turmoil resulting from a refusal to raise the debt ceiling is the desired outcome, ideally “catastrophic” and “calamitous” (as the Federal Reserve warned).

It is no coincidence that Speaker John A. Boehner’s posturing came on the same day that Mitt Romney spoke of a “prairie fire of debt” raging across the country. This carefully coordinated process of destabilizing the economy, thwarting growth and recovery, blaming Mr. Obama for Congress’s inaction and laying the legacy of Bush-era policies at his feet is at the heart of the Republican strategy.

The Republicans’ worst nightmare? Declining gas prices, improving consumer sentiment, falling unemployment and a rising stock market.

Their greatest hope? An economy in tatters.

This is not conservatism; it is a cynical bet against the country’s best interests: the worse, the better.

JOHANNA SCHULMAN
Cambridge, Mass., May 16, 2012


To the Editor:

Speaker John A. Boehner’s grandstanding on raising the debt ceiling is ironic given the fact that President Ronald Reagan had the debt ceiling raised 18 times and George W. Bush seven times, compared with four times for Bill Clinton, who, incidentally, balanced the budget three of his last four years in office. Neither Mr. Reagan nor Mr. Bush ever had a balanced budget, which, of course, contributed immensely to our national debt.

JERROLD LARSEN BUERER
Wausau, Wis., May 16, 2012

Article source: http://www.nytimes.com/2012/05/17/opinion/another-showdown-on-the-debt-ceiling.html?partner=rssnyt&emc=rss

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds