Federal funds were money borrowed from Chinese

2013-01-09T00:00:00Z Federal funds were money borrowed from Chinese nwitimes.com
January 09, 2013 12:00 am

This was a very nice article ("Signal replacement project in Valpo," Dec. 26) about upgrading the traffic signals in downtown Valpo. However a serious error was made.

The article states, in part "... with 80 percent ($550,000) covered by federal funds ..." There are no federal funds. There never have been any federal funds. There are only taxpayer dollars.And these are distributed by bureaucrats to the wheel that squeaks the loudest.

What really happened, since we are somewhere between $14 trillion and $15 trillion in debt, is the feds borrowed more Chinese dollars to cover this project. They added a little more than a half million dollars to the country's debt.

If it was such a worthy project, why not float a bond issue and let Valpo's taxpayers pay for these upgrades of their own lights? Possibly, Valpo's officials might have thought such a bond issue would not pass.

- Frederick O. Sanderson, Valparaiso

Copyright 2014 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

Featured Businesses

Submit a Letter to Editor

We welcome letters from readers on any issue of public interest, and make every effort to publish as many as we can and in a timely manner. The Times will publish only one letter a month from a writer, and be sure to include your name, address and a telephone number for verification. Letters should be 150 words or less. They will be edited.

Letters may be submitted:
  • Via our submission form.
  • Via e-mail.
  • Via fax: (219) 933-3249 or (219) 465-7298
  • Via mail or by hand to our offices:
    • 601 45th Ave., Munster, IN 46321
    • 2080 N. Main St., Crown Point, IN 46307
    • 1111 Glendale Blvd., Valparaiso, IN 46383
    • 3410 Delta Dr., Portage, IN 46368
    • Please mark envelopes with "Attn: Letters"


Email Editorial Page Editor Doug Ross or call (219) 548-4360 or (219) 933-3357



Who do you support for the U.S. House of Representatives in District 1?

View Results