Letters to the Editor

Education, employment key to economic recovery

Traditionally, the government uses four tools to stimulate the economy for the ultimate benefit of all Americans: reduce taxes, reduce business regulations, increase spending and increase debt.

When voters want less spending and lower debt, this defies traditional economic thinking for stimulating the economy and prolongs the recession, increases unemployment and expands the number of families living under the $22,000 poverty level, now 17 percent of the population.

Neither consumers nor corporations are spending, which leaves government to stimulate the economy by expanding employment. That increases the revenue base without increasing the tax rate. This will go a long way in paying off America's $14.7 trillion debt.

Those demanding decreasing unemployment benefits are ignoring the stimulus of such programs, and they are not among the 9 percent unemployed. Those who want to increase defense spending apparently own stock in the defense industry. Voters who want the wealthy and corporations to pay their fair tax share do not make more than $200,000 annually, and they are not CEOs. Those favoring a reduction in Medicaid have jobs and insurance. Those wanting to reduce Medicare aren't 65 years old yet, but they will be. Americans who favor reducing the education budget don't have school-aged children, but they did and Americans funded their education.

It is doubtful that solutions will be found to satisfy everyone, but one thing is for sure: Nothing stimulates an economy faster and more sustainably than a well-educated and employed work force.

William A. MacPhee

Hilton Head Island