To the Editor:
The state of the U.S. is $10 billion in debt in unpaid bills now. Chicago, according to the Civic Foundation, is at least $2 billion in debt and $30 billion in pension liabilities short term.
The Federal Government is almost $20 trillion in debt and $120 trillion in pension and other liabilities. A recession is probably coming after the election, and could move into a depression in a short time unless reforms are addressed, from a value added tax on luxury goods to help pay off the debt. And lowering taxes on corporations and small businesses –to get back off—short accounts (not individuals). And pushing wind, solar, ocean currents and other renewables to rebuild our infrastructures and put millions to work, and stop global warming, and prevent the sixth extinction now taking place, according to the World Wildlife Fund.
We can do this. If we don’t do something now the decline will continue.
Hyde Park resident
Presented at Older Women’s League Meeting on Nov. 5