To the Editor:
The recent article featuring comments from a SIU Professor of Economics was very good. As a Southern Illinoisan living on East Coast due to work, I enjoy following news from home.
Since President Trump is taking complete credit for the good economy, then if and when things go bad, he can't walk it back and blame Obama. This now will be the first full year of his budget and the new tax plan. It will certainly take a couple of years to assess the full impact. The president's plan counts on the wealthy and big corporations to pump their refunds and tax cuts back into the economy.
Indeed there has been some — but will it be enough to pay the bills? Will it be continuous and sustainable? There is a lot of risk. The ongoing war on terror cost trillions of dollars. The U.S. has soldiers and sailors in every ocean and over 120 countries. We have recently stepped up troop deployments in Afghanistan, our nation's longest war. If we go to war with North Korea that won't be cheap.
I would suggest to readers if there are no safeguards or guarantees on the wealthy and big corporations to keep their word on plowing their windfall back into the economy, the Trump plan could collapse in a few years.
The bills have to be paid somehow.