I have to disagree with the recent guest opinion (“The new red menace: deficit spending,” Sept. 25 commentary) on the problem of the deficit.
The deficit is not the cause of our economic downturn but the result of our stumbling economy, weighted down as it is by unproductive tax expenditures and decreased tax revenues, and hamstrung by wildly skewed income and wealth levels. All of which curtail economic activity. Add in the House of Representatives’ lack of enthusiasm for job-producing, long-term infrastructure projects, and indeed all government spending, and we have all the prescription we need to ensure long-term snail’s pace growth with resultant stunted revenues. It is truncated revenue that is the larger part of the deficit problem. In the long run, this is a self-defeating regime. The desire for a smaller government will come with the consequence of a smaller economy. To most of us, that is a concern.
Russo is a former user’s guide writer, living in Roanoke.