Posted by
Satya on Thursday, February 19, 2009 4:43:37 PM
I am heartbroken that we are leaving our children with a debt that they have no hope of ever repaying. I cannot understand the logic of those that would risk so much that doesn't even belong to us. Raising taxes is not going to be enough to pay for this mess. We as a nation have spent the last few decades getting ourselves into this situation and our solution is now to throw more money (that we don't have) at the problem. We should take our own good advice and cut up our credit cards and only buy things that we can actually pay for, with money that we actually have. It's called budgeting, and it should have been done years ago. Just because you don't want to take money away from things like education doesn't mean that you can wave a magic tax wand and suddenly all will be right again. The money isn't there. We should never have spent more than we could afford. But we did, and any financial advisor with a bit of common sense would not recommend borrowing more money to get out of debt. There are other, better solutions to this than the massive "stimulus" package that is just going to make all of us more dependent on our government. Changes in our tax system (go Fair Tax!) and cutting costs from unnecessary programs are just two ideas that have been proposed as alternatives. I haven't heard any coverage of alternative ideas, because we have all been led to believe that this is the only way. Our country is changing in ways that continue to shake my faith in our ability to persevere as the independent, free thinking and successful nation that it once was.