Debt discussion


I read with great interest your well written article about our upcoming elections [Publisher Arnold York’s “Handicapping the race,” July 12]. Allow me to give you my angle on how I see it all. I could be wrong, of course, in places.

The wonderful nation we live in has a debt of not $16 trillion, but rather about $120 trillion, including all unfunded obligations such as pensions. When Ronald Reagan abolished The Free Trade Act in about 1982, outsourcing became “okay” — to export our job base to slave labor countries. Thus, we today are not in a free enterprise situation where everyone competes on an equal footing. We are a nation with great environmental laws, child labor laws, safety, non-discrimination, competing directly against countries where people live like animals, working 12 to 14 hours a day and often sleeping in the factories. Now, why would anyone hire an American when you can have someone from a slave labor country do the same work for almost nothing?

In America we wonderfully abolished slavery many years ago, but to me we have now reintroduced it, as today it is “okay” as long as it is off shore. In other words, when no money is circulating here at home, no business can take place because all the jobs are now in very poor countries. This is what has destroyed our nation.

China is, by the way, building a 200 million man standing military funded by our jobs. So to all who are against President Obama and all who were against President Bush, remember both did their best, and both ran up about $10 trillion more in national debt.

America can easily be “saved” if we again have the Free Trade Act, and in general just don’t spend more than we take in, it is not hard to understand.

I have spent my life studying Swiss Law at Zurich University and working for brilliant and fine people, like being the fourth butler for the late Walter Annenberg at his estate in Rancho Mirage. I have also worked for Mr. Willis DuPont of Palm Beach, I was ranch foreman for Jimmy Connors and I have therefore seen many world leaders up close. I have served three U.S. Presidents (during my position with the Annenberg family). I say this not to explain how “important” I am, no, I was just close to many very accomplished people by chance.

I wish you, Mr. York, all the best. Please keep up the good work.

Morten (Marty) Wengler