Letter: Buildup of debt will weaken value of dollar

Anyone that has ever run a business, like I do, knows that a balanced budget is the only way to keep a business alive. If year after year after year deficits occur, eventually my company has to go out of business and go bankrupt.

The people in the government in Washington and elsewhere do not seem to realize this. Are they in for the free ride, never balancing a budget and postponing debt to the future generations whose burden it will be to repay?

The dollar is becoming like the German mark after World War II, just a piece of paper with no value — the result of poor leadership and people in government. Debt will be paid off with worthless paper money.

Wake up, America. The end is near unless you stop spending money you don’t have.

Jim Delmonte

Hawaii Kai

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