Letter to the Editor: Raise the debt ceiling

Dear Editor:

As an accredited investor I have experienced vicissitudes in my portfolio for the past year due to the effects of inflation, the Federal Reserve Bank raises on interest rates to tame it and the economic turbulence created by the negotiations of Congress and the President on raising the debt ceiling to avoid default in the government financial obligations.

I have acted with alacrity in the management of my portfolio but it has been very challenging. It is not easy to keep your head when all you hear are doom days news about the future of the country.

I am grateful that both the members of Congress and of the White House put aside their political hue motivated positions and did what was required to avoid a financial crisis by rising the debt ceiling. This act seems to have brought some relief to the turbulence of the stock market.

Now, why can’t they do that in a regular basis? Politics is the art of compromise but our current political leaders seem to have forgotten such a simple principle. The raising of the debt ceiling proves that they can do it when they act for the best interests of the country. Let’s hope that they learned their lesson and continue doing the job for which they were elected.

Jorge Montero
Downey