Inflation isn’t so bad. Just ask a Florida retiree on a fixed income | Letters
Here’s what readers are saying in Wednesday’s letters to the editor.
Federal Reserve Chairman Jerome Powell, right, said recently that the economy is growing at a healthy clip, and that has accelerated inflation.
Federal Reserve Chairman Jerome Powell, right, said recently that the economy is growing at a healthy clip, and that has accelerated inflation. [ SUSAN WALSH | AP ]
Published Jun. 23

A little inflation isn’t so bad

Inflation ahead? Q&A with a top economist who says it’s complicated | June 21

The Fed may not be worried about inflation, but millions of retirees are scared stiff. Medical, food, insurance, utilities, and housing costs are all increasing by alarming amounts while bank interest rates on savings have declined to near zero percent. The Federal Open Market Committee for too long has voted to restrain interest rates to the detriment of people living on fixed incomes, in order to provide cheap money to finance the federal debt and stimulate business and mortgage lending. It’s past time to give retirees a break on their savings return by raising interest rates.

Jim Lashbrook, Largo

Nothing is not something

Supreme Court dismisses challenge to Obama health law | June 17

I consider myself as a pretty conservative guy, but can we please apply the three strikes and you’re out rule for the ridiculous GOP fight to eliminate health care for 33 million Americans? For over 10 years and three appearances in front of the highest court in the land, the GOP has fought tooth and nail because someone put the moniker of “Obamacare” on the Affordable Health Care Act. The sad part? For over 10 years, the GOP has been unable to offer anything to replace the ACA. Nothing! Much like their unwillingness to expand Medicaid in Florida, their “nothing is better than something plan” is just dumb.

Terrence Callahan, Crystal Beach

Electoral College advantages

We need the National Popular Vote now | Column, Feb. 9

Many of your readers seem to feel electing the president by a national popular vote would be a great idea. Unfortunately, that idea has many flaws. Our founding fathers established the Electoral College as a compromise between election of the president by a vote in Congress or by a popular vote of qualified citizens. They sought to ensure that residents in states with smaller populations were not ignored.

One of the main advantages of the Electoral College is that it promotes fairness from a regional perspective. Individual votes count, but in a way that is represented by states. This prevents two or three very large states or cities from overwhelming the popular vote count, so that a greater portion of the country can be represented by the government. If the election depended solely on the popular vote, then candidates would limit campaigning to heavily-populated areas or specific regions. With our current system, to win the election, presidential candidates need electoral votes from multiple regions, and therefore they build campaign platforms with a national focus, meaning that the winner hopefully will actually be serving the needs of the entire country.

John Muzyka, St. Petersburg

Teaching racial history

Juneteenth now a federal holiday as Biden signs legislation | June 17

Now that it’s a federal holiday, it’ll be entertaining to watch Gov. Ron DeSantis twist himself into a human pretzel as he tries to justify his attempt to stop Florida schools from celebrating and teaching Juneteenth’s history.

Eileen Stafford, St. Petersburg

Make it a crime!

Secret IRS files show billionaires skip income taxes | June 20

If Congress holds true to form, sweeping draconian laws will be passed making it a capital crime, with the potential of the death penalty, for anyone leaking the tax information of the very wealthy.

Brian Valsavage, St. Petersburg