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
Grumpy Cat Not Impressed at "Idol" Is Shaquille O'Neal the World's Best Ex-Athlete? Raw: Obama Plays Soccer With Japanese Robot Behind The Tanlines Jersey Strong Part 2 BASE Jumpers Set World Record Screaming 2-year-old gets psyched at Penguins game Pineda: Put pine tar because he didn't want to hit anyone Beyonce on Her Biggest Influence Michael Strahan's First Day on "GMA" Clerk catches on fire after man throws Molotov Cocktail into Brooklyn store Amazon's Deal With HBO Leapfrogs Streaming Rivals Stephen Colbert Tells David Letterman His Plan for 'Late Show' Georgetown police officer filmed tripping students Viral: It's Not Pitbull - It's Amy Poehler! Recycling Highlights for Earth Day Lupita Nyong'o Named People's 'Most Beautiful' Peeps Launched into Outer Space NYPD's Twitter Request For Photos Backfires New HBO Go Commercials Capture Awkward Family TV Watching Raw: Leopard Bites Man in India