Dr. Krugman wrote, “The U.S. Government last ran a budget surplus in the fiscal year 200.  Since then, the government has borrowed roughly $20 trillion. He concluded, “But while our priorities were sometimes foolish, our borrowing was not.”  I beg to differ.  Because of out-of-control spending the per capita debt of every American is over $85,000.  If debt not bad why don’ t we borrow another $100 trillion and give everybody a new car and house.  Spending money you do not have is insanity and does not bode well for the economic future of the USA.The people most adversely affected by the excessive borrowing and  low interest rates are senior citizens since their safe savings account are paying very low interest rates.  That is not good economic policy!

Dr. Krugman wrote, “The U.S. Government last ran a budget surplus in the fiscal year 200.  Since then, the government has borrowed roughly $20 trillion. He concluded, “But while our priorities were sometimes foolish, our borrowing was not.”  I beg to differ.  Because of out-of-control spending the per capita debt of every American is over $85,000.  If debt not bad why don’ t we borrow another $100 trillion and give everybody a new car and house.  Spending money you do not have is insanity and does not bode well for the economic future of the USA.The people most adversely affected by the excessive borrowing and  low interest rates are senior citizens since their safe savings account are paying very low interest rates.  That is not good economic policy!

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