This letter is by Ericka Redic, of Burlington. She is the Libertarian candidate for U.S. House.
Once again, my Democrat and “Republican” opponents demonstrate they have no idea how the economy, taxes or debt work. Exposing their Progressive leanings, both seem to believe that more money from the federal government is the solution to all our woes. My question is, What money? We’re over $30 trillion in debt and Fed is continuing to just print money or borrow more from countries that hate us. Mr. Madden asked Senator Balint if she knows where money comes from, not realizing he needed to ask himself the same question.
Senator Balint touts her experience as a legislator, yet under her leadership the Vermont Legislature has continued to underfund our state pension system — to the tune of billions of dollars. The Transportation budget is underfunded $40 million next year, $60 million the year after that and $80 million the year after that! Where did all that Federal relief money go Becca? If roads and bridges are so important, why aren’t you funding it? If you care so much about “labor” and the working class, why aren’t you funding their pensions?
It’s official: the Bureau of Economic Analysis confirmed that the United States economy is in recession. Our GDP, which is a measure of the economic health of the nation, shrank by .9% in the second quarter of 2022, following a .2% decrease in the first quarter — all of which means the momentum of economic loss is accelerating at an ominous pace.
As the Biden administration plays word games trying to redefine what constitutes a recession, the American people are being pummeled every day by runaway inflation at the gas pump and grocery store. The worst part is that our failing economy is the result of self-inflicted wounds. The Democrats ruined our domestic energy production, and we no longer manufacture basic necessities. They purport to have the country’s best interests at heart, but the outcomes of their policies are hurting the American people in the service of their political ambitions. It’s such a cynical abuse of the trust the citizens have placed in them.