Poverty ahead
To the editor:
This country is 100 percent capitalist, but it is gravely poverty-stricken. Our government has been borrowing on the credit of future generations for what it spends today, and it spends like there’s no tomorrow anywhere on earth.
As much if not more surreal – real GDP for this year’s third quarter is 2 percent. That, to us, is a Third World economy the longer it stays at that nearly flat rate. Since 2000, most of the quarterly percentage points have been stuck largely between 1 and 2.7 percent.
Poverty, once it’s the same for everyone, won’t matter and bread with a little soup will beat nothing.
Sandy McCarren,
Lawrence