Re “Scary waters ” (Op-ed, April 30): John E. Sununu suggests that we can cut our way to prosperity and that only austerity can solve our long-term budget problems. Austerity hasn’t been working out too well for the Europeans, and would cause our economy to drop even further. If people’s jobs are cut, demand will slacken, and our recession will deepen. Our economy needs more help, not a misguided focus on balancing the budget in the short term.
When we borrow to buy a house or car, or make needed upgrades to our home, we are not just borrowing money today to improve our living conditions. We are also investing in our future.