The Mercury (Pottstown, PA)

Too much spending on the military

- — Max Goldman Royersford

When Obama said the car companies need to be saved, the Federal Reserve (private banks) stepped up and said we will save them by cutting interest rates. So they took the 5 percent we were getting in the money market away and cut the interest rates for the large car companies.

We also ought to thank them for lending out the money we had in their banks and lending it to credit card holders at 15 percent interest and 29 percent if you borrowed money on your credit card (it was 29 and 30 percent if you were late). Since then the feds have raised interest rates three times, but it seems they no longer feel we should get any interest on the money we are lending them.

I have noticed that at the end of the year the bankers as well as the brokers, who no longer pay us interest, have made billions in bonuses.

This country now has the smallest middle class among the industrial nations and it keeps growing smaller.

The GOP since taking power has tried to cut spending but the Democrats have stopped them from cutting school lunches, Meals on Wheels, food stamps, housing for the poor. The GOP needs that money for the military complex, another $54 billion onto the $639 billion they now have. History will again repeat itself. Every time the GOP is in power we end up in a recession as they always do the same thing, cut taxes for the 1 percent. Whatever happened to the smart people in this country? They moved to China, Japan and South Korea where the jobs went after Bush signed the NAFTA agreement sending them to China.

One last note: we are still paying out of our taxes the payroll for 350,000 Afghan soldiers, 70,000 Afghan policeman, and 240,000 contractor­s. It’s time to leave; the military complex never wants to end the wars. We need another Ike who told us in 1953 when I was on a ship deep in North Korea that the war was over. Ike ended wars, he did not start them.

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