Letter: Right wing is destroying the economy - East Valley Tribune: Letters To The Editor

Letter: Right wing is destroying the economy

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Posted: Monday, July 15, 2013 1:12 pm

How long are we going to let the far-right wing conservatives in Congress destroy the American economy with their selfishness and greed through untimely budget-cutting?

We need look no further than across the ‘pond’ to see what has happened to Europe since they began drastic cutbacks, sending their economies into severe recession!

Pay attention Republicans! “Officials at the IMF and the World Bank admitted their demands for more austerity in Europe had been misguided, as are your policies here in America!

“The U.S. federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said on Sunday, urging Washington to present “credible fiscal plans.”

Are you listening conservatives? Your severe sequestration cutbacks are being called ‘foolish.’ They lack ‘credibility?’

And what has been the response from the far right? They are gearing up to demand MORE budget cutting before the debt ceiling can be raised, further depressing our meager economic recovery after unregulated Wall Street gambling sent economic shock waves across the planet.

“Congressman John Conyers and colleagues have introduced a simple bill that would get rid of the sequester. Conservative economists at Macroeconomic Advisers estimate that would prevent the eradication of at least 700,000 jobs and allow the economy to grow by close to 1 percentage point faster.”

The Congressional Progressive Caucus’s “Back to Work Budget” would boost gross GDP by 5.7% and increase employment by 6.9 million jobs within a year of implementation and reduces the debt ratio to 68.7% by 2023.

America needs Progressive leadership to move our economy forward!

Rod Livdahl

Mesa

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