Inequality Is the Real Debt Burden

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via CommonDreams:



Published on Friday, July 16, 2010 by Lansing State Journal (Michigan)
Inequality Is the Real Debt Burden

by Terry Link


Recent polls indicate that many Americans are as concerned about growing government debt as they are about terrorism. It's interesting that concern about debt occurs almost rhythmically when conservatives are out of power.

What else would explain the support of a $3 trillion war in the Middle East without concern for "growing debt"?

But politics aside, this effort to convince the American people that debt which supports the unemployed, the sick, and education is bad while debt that truly imperils current and future generations is acceptable is dangerously misguided.

There are certainly many good reasons to minimize debt. But how many of us buy a house or a car with cash?

We borrow because we believe that the investment in that debt not only brings immediate benefit but hopefully constitutes a long-term investment that makes sense.

Debt of and by itself is not the enemy. It is being used as a red herring by those who don't want government lending a helping hand to families in need and who want to push off environmental and social debts to others while enriching the elite. ...............(more)

The complete piece is at: http://www.commondreams.org/view/2010/07/16-4

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