Home > Talk of East Texas > Archives > 2008 > May > 06 > Entry
Editorial: Debt legacy
Just as tax rebates begin arriving in people’s bank accounts and mailboxes, the talk in Washington is turning to the idea of a gas-tax vacation to help Americans bear the burden of the skyrocketing price of gasoline.
What is perhaps most disconcerting about the gas-tax “vacation” is that many economists and energy analysts say such a move could actually exacerbate our problems with fuel prices rather than provide noticeable relief from the rising cost of gasoline and diesel fuel.
There will come a day when the young people of our nation — the toddlers and children of today — are going to be asked to start paying off the balloon note their parents and grandparents have been inflating for eight years.
When that happens, some serious questions are going to be asked. Let’s just hope that leaders with names such as Bush, McClain and/or Clinton are still around to try to answer them.
What do you think about our view?
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