To the Editor:
When our president tells George Stephanopoulos on ABC News: “We don’t have an immediate crisis in terms of debt. In fact, for the next 10 years, it’s gonna be in a sustainable place,” I just have to respectfully disagree.
This is the complacency – no, the negligence – that has led to Illinois having the worst credit rating in the country. It defies the common sense judgment of ordinary working citizens of this country. The U.S. has $17 trillion in debt, more than 100 percent of our annual gross domestic product, and is now approaching World War II levels. Each month, the Federal Reserve is pumping $85 billion into the U.S. economy, currently inflating the next bubble in the stock market.
If printing money helped the economy, then counterfeiting would be legal.
To the contrary, famous economist Adam Smith wrote, “Little else is requisite to carry a state to the highest degree of [wealth] but peace, [low-rate, broad-based] taxes and a tolerable administration of justice ... .” Our freedom and economic way of life are in jeopardy due to policies that produce slow growth, high unemployment and discouraged/poorly trained workers, too many people on welfare, too much war, unsustainable future liabilities and unreasonable expectations of what the government can do for everyone.
In contrast to this excessive welfare-warfare state, in Kane County we will freeze the property tax levies for the county, forest preserve and Fox Valley Park District during times of decreasing property values. We will dramatically reduce the role of “big money” in county decision-making and apply basic management best practices.
When I was a child, I was delighted by surprises, like peekaboo, birthday gifts, roller coaster rides, etc. However, as an adult, surprises are a lot less fun because they usually bring unexpected and expensive price tags.
In my next correspondence to you, I will list some “surprises” that I have noticed in my first five months of serving you at the county. My point in providing these examples isn’t to worry you, but to keep you informed. It is the County Board’s and county staff’s responsibility to make sure our public collective government challenges don’t get in the way of you taking care of yourself and your family.
As Ben Franklin once said, a virtuous and industrious people may govern themselves more cheaply.
Christopher J. Lauzen
Kane County Board chairman