Friday, July 29, 2011

Debt Ceiling & Deficit Reduction

I have heard the rhetoric, watched as politicians try to blame each other and try even harder to “kick the can” of debt reduction down the road so that others will have to solve the problem. The president is not helping by threatening our seniors with the idea that they may not get their social security payments.

The partisan bickering and posturing continues to come at the expense of the American people and our economic future.

We can’t borrow our way out of debt and thus we must find some combination of reduced spending and increased revenue. A household deals with a debt crisis by cutting the expenses that go beyond the essentials of food, housing, transportation and utilities.

Our government has many programs that, while nice, go far beyond the essentials needed to get our fiscal house in order. We are 14 trillion dollars in debt, about to see our credit rating downgraded, and possibly going to default on our national obligations. We are facing bankruptcy and need to take drastic action involving a radical solution. Stop spending more than we collect and start paying down our national debt!

I’m not looking forward to the hardships that will result from the cuts that need to be made or those that will be forced upon us by continuing to “kick the can” down the road.

Mr. President and Congress do your job, quit worrying about your re-election, stop the partisan bickering, and make the tough decisions to get our fiscal house in order!