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Showing posts with the label The Federal Debt and Looming Crisis

The Gravest Threat to American Security and Prosperity

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There are some who believe the only way to eliminate budget deficits is through increased and SUSTAINED taxation. They seem to have forgotten the simple fact that most American households and businesses, those that remain solvent anyway, do so by foregoing non essential spending when necessary. There is a rational argument to be made that just reducing spending alone will not be enough to eliminate deficits and reduce our national debt. Getting rid of deficits and reducing the national debt is the only way back to economic health and somehow as a nation we need to figure out a solution to our apparently insatiable desire to go on perpetual national spending binges. Perhaps if the nation had a group of individuals that actually had any real leadership qualities they would openly and honestly discuss the economic dangers we face. They would also tell the truth about what needs to be done, and then act in principled and ethical ways. H*ll, even independent conservatives who believe in...