We must cut our spending sooner… like right now….. not later. As painful as that sounds we’ll never dig out of this hole, and our children and grandchildren will be severely hindered for generations if we do not right the error of our ways. Forty two cents of every dollar now goes for the interest on our debt. Failure to reverse this level will, sooner than we think, place our nation in a dire situation.
Shaking our heads in disgust as we watch press conference after press conference of the two sides throwing volleys back and forth, pointing fingers and making accusations isn’t going to solve this problem. They need to get it FIXED and FIXED NOW!!! We passed up the opportunity when the bi-partisan Bowles-Simpson Commission provided the financial plan to correct this issue in 2010. In 2011 both sides, in order to provide cover for their candidates in an election year, agreed to the sequestration which would force tax increases, reductions in jobless benefits and massive cuts upon the nation neither of which would be palatable to either side. At least that was their contention at the time the deal was made.
We were told by our elected officials, going over the cliff would be so devastating it would force them to address these issues, while buying them all cover for the election cycle. Now with the cliff in sight the chorus appears to be growing for, well the cliff doesn’t really look so bad.
As sad as it sounds, as polarized as we are as a nation, doesn’t it sound totally absurd that the only way we can manage our affairs is for each side to put a gun to their opposition’s head and jointly jump off a cliff? Maybe I’m just getting too old, but I was taught to be responsible for my actions, to make good on my promises and to exceed expectations. It seems we can’t lower the bar enough for our government and sadly enough the nightmare dream we pass along to the future generations will become their real life reality.
Dan Alexander is associate publisher of New Market Press. He may be reached at email@example.com.