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Letter: Economics 101

Editor, Gazette-Journal:

It took America almost 200 years to have a debt of a trillion dollars.

We now have a debt of $28 trillion plus. And we have pending legislation at a cost of even more trillions.

Who pays for it? We don’t have nearly enough taxes to pay for it and taxing the rich wouldn’t be nearly enough.

The government just prints more money, inflating the currency in circulation. This inflation causes prices to rise. Do you remember when a loaf of bread cost 10 cents?

Every time we buy anything or pay for a service at the increased prices, we are paying for all the “free” or “bargain-priced” things the government has given us.

Sue LongNorth, Va.

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