Democrats want to increase taxes to the rich. Republicans want to see the economy improved so more people can help carry the tax load. We must be willing to face the truth. It will take every man, woman and child to step up and accept their share of this debt. Rich, middle income or poor, we must all accept responsibility. There can be no more passing the buck, the blame or failure to accept these facts. If we fail to recognize this crisis, the interest on the debt alone, estimated at over $400 billion annually, will outpace our efforts to reduce the principle debt.
So as you watch and listen to the upcoming debates and the candidates talk about their plans to be fiscally responsible by cutting costs and reducing the debt with plans in the billions spread out over many years so as to sound good today but placing the true impact long after they have left office, be mindful. I hope you can put your arms around the magnitude of our debt and how those plans may pale in comparison to the true crisis we face and the tremendous burden we are placing on future generations.
Dan Alexander is publisher and CEO of Denton Publications. He may be reached at email@example.com.