Uncle Sam needs to work on the national deficit
While the effects of individual debt can be quite overwhelming, consider a nation buckled down by trillions of dollars in debt, and the potential for disaster. What I find amazing is our country's level of debt, and seemingly unstoppable trend driving it up. Alan Greenspan also recognizes the potential hazards of such a deficit in a Yahoo article, and voices his concerns over the the future for our country in terms of its retired citizens, and overall methods of trading, etc. While I am thankful to live in a country with as many wonderful freedoms and opportunities as the United States, I believe that they need to reevaluate their financial status. I wonder at what point will the government find it noble to trim spending, and drive down the deficit? It seems like there is no limit to their spending, and the deficit will just keep eternally growing, which is upsetting to me. The economy can remain viable and thriving even when we pay off our national deficit, and is it my hope that this type of mentality might trickle down from the white house, to the local city leaders who insist on spending more and more money that we don't have to spend.
Posted by Morgan at 12/02/2005 09:37:00 PM