GloucesterTimes.com, Gloucester, MA

Letters/My View

December 9, 2012

Letter: A distant cry from 'socialism'

To the editor:

Republicans would have us believe that, with rising government spending, we are on our way to “socialism” or to bankruptcy.

The fact is that, for over a half century, federal government spending has hovered at about a flat 20 percent of our Gross Domestic Product. That puts us at about No. 144 out of 160 countries.

There has been no trend toward government ownership of the means of producing goods and services.

No, our huge deficits reflect the recession that stemmed directly from deregulating the financial community and the reduction of the top tax rates paid by the super-rich.

MILT LAUENSTEIN

Gloucester and Exeter, N.H.

1
Text Only | Photo Reprints
Letters/My View

NDN Video
Big Weekend For Atlanta Braves In Cooperstown - @TheBuzzeronFox Chapter Two: Becoming a first-time director What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot