Northwest Voices | Letters to the Editor
Some legislators, economists suggest eliminating the debt limit
Eradicating the debt limit is not the solution
Kick the can down the road. Congress seems incapable of dealing with the debt limit. Its only solution seems to be to pass the debt onto the next generation ["More economists, legislators say it's time to dump debt limit," News, Jan. 24].
Why can’t we owe the debt to ourselves instead of owing the money to China or other foreign government? Why can’t we institute a government bond program similar to what we had during World War II? The government would issue bonds at the prevailing interest rates and allow the American people, “We the People,” to buy the bonds to finance our debt.
Money markets and banks are not paying much in interest. China did not finance World War II. Most Americans would be happy to support a government bond program. We wouldn’t feel so bad about owing the money to ourselves.
--Charles Hodson, Federal Way