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Letters to the editor, April 12

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Updated: May 13, 2013 6:02AM



Illegal immigrants’ actions are dishonest on their face

Of illegal immigrants! Dishonesty is their original act as they enter over our borders! All those illegals who have attempted to plunder the benefit and opportunities of U.S. citizens are actually thieves and robbers! Honest aliens are entering our country the legal way--the way of the law!

The illegals begging for the rights and opportunities of our nation lust for the benefits regarding our schools, hospitals, workplaces, with no feelings of guilt! Those pursuing legal immigration have honest motivations! All the illegals should leave our country voluntarily and go back to their own and support their homeland! Nothing based on dishonesty ever prospers especially when they impose on others who are innocent!

The drug-runners and criminals should be returned to their countries and incarcerated there--not burdening our taxpayers to jail them in the United States! Heavily guarded borders would not be necessary if the citizens of other countries and our own would show mutual respect for their respective laws!

Shirley A. Lind

Schererville

Fiscal and monetary policy must be used to fix economy

There are two ways the federal government can stimulate the economy to return the U.S. to full employment. The first is through the monetary policy of the Federal Reserve and the second is through fiscal policy of Congress. Monetary policy for the most part is independent of politics. Fiscal policy is totally controlled by politics. When monetary and fiscal policies work together they are effective. When they work alone they are ineffective.

One method of monetary policy is when the Federal Reserve buys government securities on the open market. Currently the Federal Reserve is buying government securities at the rate of $85 billion a month. The Federal Reserve is giving security holders $85 billion in cash each month in exchange for their government securities. Personally, I know of no one shopping with money from security sales. This $85 billion a month finds its way into the stock and commodity markets but does almost nothing to help the overall economy.

One method of fiscal policy is when Congress passes a jobs bill to put people back to work. Here is where the money finds its way into the stores and increases demand for goods, which increases demand for labor, which increases more demand for more goods and so the circle goes back to fill employment.

Monetary policy is to keep the economy alive until it can be rescued by fiscal policy which we don’t have. Without fiscal policy the Federal Reserve has no choice but to flood the markets with money, which at this point is nothing but life support. This is why you see that picture of the man sleeping on the park bench covered in newspapers about how the stock market is booming.

Michael J. McGregor

Chesterton



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