I am glad I read Bankruptcy 1995 before reading Howard Gleckman's review of the book, "Deficit apocalypse now! (Says Figgie)" (Books, Jan. 11). His review might have discouraged me from reading the book. My reaction to this book was very favorable, and I would highly recommend it to your readers because it provides a very clear and comprehensive understanding of the deficit. Apparently, Gleckman's sensibilities were offended by the book's title and use of dramatic license to emphasize the seriousness of the deficit. Your readers will distinguish between form and content. They will find the meat of the book--i.e., the statistics and charts--to be very informative and compelling.

Richard D. Wilson

Town & Country, Mo.

Gleckman seems to castigate Harry E. Figgie Jr. for opposing tax hikes. Apparently, Gleckman doesn't get it. Raising taxes will not, in and of itself, remedy the deficit. It's not that Americans are not taxed enough. It's that the government spends more than it receives. Unless taxes are written into law as to be applied to reduce the deficit, Congress will not voluntarily commit the taxes to that goal.

Really, how hard is it? Does Gleckman approve of Bill Clinton's proposal to raise taxes and cut programs to save only $50 billion a year? What kind of aggressive deficit-reduction plan is that! If George Bush's largest tax hike in history didn't put a dent in the deficit, does Clinton's plan have any chance of stemming the fiscal bleeding?

William M. Sczepanski

Highland Village, Tex.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE