Re: “Tacoma not alone in debt” (Bill Virgin column, 5-6).
Virgin is on-target with his column regarding taxes, debt and spending at all levels of government. Spending money they don’t have, on stuff they can’t afford, limits the ability to afford what is really needed and necessary.
An additional factor not mentioned is the impact on that part of the population that pays for the excessive spending and subsequent debt.
If you are working or retired and paying taxes, you are part of a decreasing percentage of the population paying more taxes. Your tax burden at any level of government will continue to increase. Additionally, as public debt grows, the instability of that debt will limit real growth in the private sector.
Limiting the size and growth of government is the only way to gain control over how your money is being spent.