Letter: Government should get a little credit
Re: ‘Negotiating is necessary’ (Metro, Oct. 11-13)
I am tired of reading false assertions from people making comparison between households and government. Governments, households and enterprises are three economic entities that do not function in the same way. If households cannot always borrow money (depending on their credibility), governments and companies do when they have a cash flow shortage.
We have credit cards from banks and stores: Every month when you use credit card to buy items from Macy’s or Marshalls, you spend more than you have; more than 90 percent of households in this country are doing that. Borrowing (credit) is necessary for the functioning of the economy of the country.
Jean Kazadi, via email