The national debt is skyrocketing. Our new administration seems to think that it can outspend its way out of an economic recession. When will this stop? For my generation, what will it look like 20 or 30 years in the future? Our government and country seems to be headed in such a poor fiscal direction that we should all pack up and leave for more prosperous shores.
I’m the last person to stick my neck out there and examine the financial climate. But can’t simple common sense go a long way in dictating how to approach spending? My parents raised me to only buy what you can afford — falling into the category of what you need. Instead of following a false American dream of buy now, pay later, I saw that you can be rewarded by living within your means.
Already, around the three month mark of a new administration, the feeling of hope is gone, sucked from a public eager for something new. I voted for Obama, and still stand by that — sensing that he was the change that could make a difference. I’m not giving up on that, but what discourages me is how the spending does not stop. Stimulus this. Deficit that. No one seems to have any foresight as to the problems a huge deficit will create. Being no economist, I have no way of knowing what will happen. But at some point, when the creditors come calling, will their be any loot in the coffer to pay the man? And what if there isn’t?
