While I appreciate the comments and the contribution made by Mr. Nabors (“The cost of a trade war with China,” Jan. 12 Readers Write), I must take exception with his presumption that he finishes my thought. My comments expressed in my previous letter were confined to the immediate economic issues confronting America. Contemplating any outcome that involves China’s expansionist policies would be pure speculation.
Unfortunately, what is not a speculation is a need for a prompt remedial action to address the dire condition of the U.S. economy. The current national debt, coupled with unfunded liabilities, exceeds $100 trillion. The U.S. economy is approaching a state of debt saturation that is bordering on insolvency. It is incumbent upon the Trump Administration to address and remedy the effects of out-of-control debt and spending.
In 2008, when the Federal Reserve and the U.S. Treasury opted to save the banking system, accepting the risk of i...
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