The Wrong Idea

http://www.nytimes.com/2011/08/19/opinion/austerity-is-the-wrong-idea.html?_r=1&hp

---------- Forwarded message ----------
From: barry levine 
Date: Fri, Aug 19, 2011 at 9:40 AM
Subject: re: The Wrong Idea
To: letters@nytimes.com


To the Editor:

  Two constituencies keep the debate in Washington focused on deficits even as the People are focused on jobs. The first are creditors (read "bankers") who don't want borrowers (read "us") paying back out debts in inflated dollars. The second are GOP strategists who are cynically prolonging the recession because Obama would be unbeatable in 2012 if he were to preside over an economic recovery.  Thomas Jefferson foresaw that in time, a government would grow to serve such elites rather than the People. That's why we have a Second Amendment.

Barry Haskell Levine