CLINTON — Rep. Bill Mitchell wonders why the U.S. has gone from the world’s largest creditor nation to its largest debtor nation. His conclusion; when it comes to government programs, we stopped asking, “Can we afford it?” This, Mitchell said, was “the story of government.”
The U.S. currently owes other countries about $16 trillion, more than its total commercial and industrial output, Gross Domestic Product (GDP).
Illinois’ financial crisis is essentially the result of the same syndrome, Mitchell told members of the Home and Community Education Association (HCEA) on Tuesday. Members met at the University of Illinois DeWitt County Extension office.
“I don’t think anyone is happy with Illinois government right now,” Mitchell said. He said state Republicans traditionally wanted low taxes.
“But what programs are we going to cut,” Mitchell said. “That’s where it gets a little dicey.”
Mitchell said Democrats believed taxing the wealthy was the answer.For the complete article see the 09-21-2012 issue.
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