Where blame lies

The Washington Times Weekly - - Letters To The Editor -

The news me­dia re­port that Congress is won­der­ing why food prices are ris­ing so much. Un­less they are liv­ing in a vac­uum, re­porters and mem­bers of Congress should know that the pur­chas­ing power of the dol­lar is con­tin­u­ing a steady, yearly de­cline be­cause the fed­eral gov­ern­ment prints money backed by noth­ing ev­ery year in or­der to spend more than it takes from tax­pay­ers. This in­fla­tion of the money sup­ply causes the money al­ready in cir­cu­la­tion to lose value.

Tax­pay­ers should be up­set with the politi­cians in Wash­ing­ton and not with the gro­cery stores or gas com­pa­nies be­cause only the fed­eral gov­ern­ment can get by with print­ing money with­out a lim­i­ta­tion. By­ron Kern Richard­son, Texas

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