Kokomo Tribune; Kokomo, Indiana

Letters

April 18, 2012

Letters to the Editor: April 18, 2012

State should buy flooded property

I’m writing concerning the new bypass they are building.

I live on Sycamore Road. Poindexter dug a huge lake for dirt, then filled it with water. It’s across from my house.

It seemed they needed to drain it. So with no warning, they start pumping water into the drainage ditch beside my house, turning it into a small river, pumping thousands of gallons of water, 24 hours a day, seven days a week.

The problem is they have been pumping like this about two months. The land I own behind my house has been flooded for a month and a half. I can’t go back to the Wildcat Creek because of the flooding.

The other problem: The stagnant water is a mosquito haven. I own 4.5 acres. I think they should buy my property. I’m unable to use it.

David Smith

Kokomo

 

Donnelly policies will create ongoing crisis

Joe Donnelly’s April 12 letter to the editor shows a level of economic naïveté that leaves little doubt why this country fell into the economic hard times it has. Donnelly perceives China and its economic policies as a threat and one of the primary reasons for our own economic decline. This is laughable.

When we trade with China, it takes our currency and must either exchange it in the market for its own currency, invest it in the United States or purchase goods from us. Because of our government’s thirst for debt and its triple A rating, “investing” in the United States is often chosen. China purchases our debt instead of our products. However, to consider the purchase of government debt an investment in the United States would be stretching the term too much.

Because of our government’s thirst for debt, combined with the unpopularity of confiscatory taxes and the fact that these people must be elected, the Federal Reserve uses an easy monetary policy to devalue the onerousness of debt the Treasury Department has accrued. This policy also has the effect of reducing exports and increasing imports, even if for only a short period of time.

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