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Cutting Taxes, Increasing Debt

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Could someone explain the value of jump-starting an economic recovery, already sustained for 3 1/2 years by debt, with lower interest rates and yet, more debt?

Whenever companies or individuals try this method, as I did some 16 years ago, the result is disaster and for many, like me, bankruptcy.

Debt upon debt is not recovery, but, a growing bubble of bills and when it explodes it will drop IOUs on my kids and grandchildren. Of course the reply envelope will be addressed to Washington, D.C.

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PAUL RICHARD

San Francisco

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