Drowning in debt
Jan 11, 2018 | 1216 views | 0 0 comments | 17 17 recommendations | email to a friend | print
Dear Editor,

Once again, Washington has kicked the can down the road by passing yet another resolution to keep the federal government open into January 2018.

First it was the Democrats who doubled our national debt from $10 to $20 trillion over eight years under President Barack Obama. Now it is the Republicans who will add $1.5 trillion more over the next ten years.

Will we ever learn from past mistakes and attempt to reduce both borrowing and long-term debt instead of allowing them to grow yearly? This inheritance could bankrupt future generations.

It is time to return to passing annual fiscal year budgets on time by October 1, rather than a series of continuing resolutions to keep Washington open. How ironic that after winning the Cold War against the Evil Empire of Communism, it may be mismanagement of our economy that defeats us in the end.

Unless we change our ways, America is on the road to losing our status as the world’s number one superpower. Just like mighty ancient Rome before the collapse, we are going down the path to become the world’s super debtor.

Sincerely

Larry Penner

Great Neck

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