Economy needs more spending
Sen. Jerry Moran, R-Kan., said that he wants to make one last run at corralling the federal deficit, because he believes this will “make certain that my kids have the opportunities that I’ve had in my life” (Aug. 14 Local & State). Unless his kids grow up to be bankers, he’s making a foolish mistake.
The real problem with the deficit is that it’s shrinking so fast it’s dragging down the economy. The federal government should be spending more, not less, especially on infrastructure and education. Such spending would help make up for the failure of businesses and the inability of customers to spend, and could easily be paid for by rolling back the Bush and Reagan administration tax cuts – which we now know only led to asset bubbles and financial crises.
Moran’s backup plan is even more foolhardy: He wants to grow the economy by getting rid of regulations that protect customers from the most predatory acts of financial and health care businesses. But those industries have done very little to grow the economy. They’ve used their political clout to exact rents and jack up profits from elsewhere, enriching themselves at everyone else’s expense.
Not real borders
Regarding “Settlements divide” (Aug. 16 Letters to the Editor): The wisdom of the policy pursued by Israeli Prime Minister Benjamin Netanyahu is indeed a legitimate subject of discussion. The underlying facts, however, cannot be ignored.
To speak of 1967 “borders” is meaningless distortion of given facts.
The lines referred to as Israel’s legal border were never borders and never legal.
The 1949 armistice lines, which are falsely referred to as the 1967 borders, represent nothing more than the lines at which Israel’s forces halted the invading armies of Arab states that illegally assaulted the then-nascent Jewish state on May 15, 1948.
The armistice agreements explicitly stated that the armistice lines lack all legal significance in terms of claims of parties to lands beyond the lines.