Saturday, March 23, 2013 | 2 a.m.
Is response to Michael Casler’s letter, “An uncertain future for all of us”:
The president does not control the debt; Congress does. The president submits his budget; even if it has major proposals to reduce the national debt, it will be probably be shot down by the radical Tea Party members in the House or filibustered in the Senate by followers of Sen. Mitch McConnell.
Maybe Mr. Casler doesn’t realize the stock market is at a record high and that 401(k) plans are soaring. Maybe he can’t remember prior to 2008 when we had a Republican president’s budget approved by Congress that bankrupted many 401(k) plans.
I do not know where Mr. Casler saves his money— nor do I care. What I can do is relay to him my past successes and failures. I lost a great amount of my retirement during the George H.W. Bush administration and recouped much of it during the Clinton era. Then I was smart enough to move it to a secured savings account the day after George W. Bush was elected.
Our economy has been on the upswing over the past several years. The only way to control the debt is to create more jobs and keep the ball rolling.
Good luck to all.