Interest Limits on Credit Cards
Once all the partisanship jawboning and sound bites are culled out of the Keystone Kop movie that is the economic discussion between the Administration and Congress (“Credit Car Cap Uproar Accents Bush Dilemma,” Nov. 19), what remains clear is the fact that taxpayers, particularly those in the waning middle class, will have to foot the bill for the drunken spree of the ‘80s and before.
President Eisenhower warned of the military-industrial complex and its potential for diminishing U.S. economic competitiveness. Unheeded, this warning has now become a visionary statement. The only difference between the “guns and butter” economic policies of the ‘60s and ‘70s and those the the ‘80s and ‘90s is that now Bush and Congress seem to want to add credit card plastic to the formula.
If we as citizens are expected to keep our accounts balanced and our debts serviced, is it too much to expect the same of those leaders who steward our national economy? Risking disingenuousness, one has to think that the timber from which these current leaders and candidates are cut must be plywood.
RICHARD NEWTON MEYER
Los Angeles
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