Dear Editor, In the August 28 edition of your newspaper was a column headlined “National Deficit” by Tim Timmons.
The main point made, with which we should all agree, is that our national yearly deficit and accrued debt are way too high. It was suggested that the money gained from tariffs so far (more than $100 billion in the first 5 months) is a “start” towards lowering that debt.
That might be true if the new tax bill signed into law by Republicans wasn’t calculated to add over $3.4 TRILLION to our debt. Keep in mind, a Trillion is a THOUSAND Billions. The hundred billion new tariffs brought in is just .03% of just that new hike, saying nothing of previous existing debt.
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