According to an article that I read the government deficit for 2004 was a record high of $480 billion and is estimated to go up to $1.4 trillion over the next decade. What are we going to do? In my opinion I think that the government is not alone when it comes to deficit. There are millions of Americans who spend more than they make. Many Americans buy houses and cars they cannot afford and are so far into debt they can't see out. So what do these people do? They take out bankruptcy. How are these people getting so far into debt? Why don't people just buy things that they can afford? Same goes for the government. I can understand some of the government debt is very legitimate, but $1.4 trillion, for what?
Posted by taylor at 9/29/2005 10:39:00 AM