Bad fiscal days, sooner or later

February 7, 2013 

I find it difficult to believe the words I am reading in the article, "U.S. debt woes not as dire as they seem, experts say" (Feb. 3, Page A-3). It says:

"The evidence shows the country is on a course of spending and debt accumulation that could lead to serious trouble not today or tomorrow, but probably 10 to 20 years down the road."

Is this supposed to make us feel better? The message that sends is to ignore the deficit-debt problem because the worst may not happen for another 10 or 20 years. Then what? Why is it that governments seem to think they are exempt from the economic rules that constrain successful families and businesses that do without when they do not have the money?

Pushing out the inevitable tragedy is not a solution. I may not be alive when the economy implodes, but my children and grandchildren probably will be.



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