I am truly scared for the future of the United States. Wasn’t it just a few months ago that we were having another discussion in Congress related to raising the debt limit? That disaster was averted by allowing the sequestration cuts. What I don’t understand is how this is all happening again. It should simply be a matter of not spending more than you make.
Rather than continuing to raise the debt limit, why don’t we decrease spending or at least hold it at the level of inflation. Congress should be forced to pass a balanced budget each year that does not spend more than it takes in in taxes (exceptions could be made for War and other emergencies). The welfare and entitlement system should be overhauled so that only truly qualified people are allowed to be on it as a temporizing measure. Revenue increasing (code word for increasing taxes) is not the way to go about it.
The United States, I think, is not too far gone that we could still save ourselves if the federal government just stepped out of the way. Lower taxes to encourage productivity. Increase the number of green cards available for the talented foreigners that would still love to come to this country. And, we must do this before China grabs them with talks of their version of what has always been called, ‘the American Dream.’