Our Nation's Debt

Now that we’ve gotten past the breast beating and whining about the debt ceiling, the real work begins on how this country is going to create the appropriate fiscal balances to help us in the long term.  And it’s not going to be easy.

If you think we’re going to do it without raising income/changing taxes, you are sadly mistaken.  If you think we will do it without touching social security or medicare, you are also mistaken.  The necessary changes are going to be ugly, painful AND necessary.

Alan Simpson, who is a former Senator from Wyoming and was the co-chair of President Obama’s federal debt commission is known for his frank speaking.  “Alan K. Simpson seems to be missing that little voice that stops most people from saying everything they think. That means he’s forever making his friends as angry with him as his enemies,” stated the author of a article I want to share.

Simpson tells it like it is and gives us insights on why getting our country’s fiscal house in order will be extremely difficult unless everyone in this country will have to “give” a little.  Enjoy!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s