Debt Must be Brought Under Control, by Patricia Sellers

Debt Must be Brought Under Control, by Patricia Sellers

Published: Apr 25, 2011 at 11:38 pm

Our national debt will soon reach a level not seen since the end of World War II. But there are vast differences in the circumstances surrounding these events. The debt of World War II was amassed to rid the world of a demon determined to eradicate freedom from the world. That debt quickly fell, thanks to our recently returned young men who were eager to reach for the American dream. Our economy surged. We led the world in manufacturing and exports.

Today, we are lucky if our young people see the merit in graduating from high school. Asia and Europe lead the world in manufacturing and technical skills. Now we lead the world with the highest business taxes and regulations out our kazoo. The acceptable norm is to run our country on the Wimpy school of economics, “I’ll gladly pay you on Thursday for a hamburger today.”

Our revenues can hardly pay the interest rate on our debt, let alone pay down on the principal. Today’s debt is the product of years of denial and it has to stop.

Today, many families are up to their eyeballs in debt. They live from paycheck to paycheck praying nothing happens before the next payday. Saving money for retirement or a college education is a dream long gone. Yet many in Congress want to raise taxes, claiming that taxing the rich will get us out of debt. What they don’t seem to grasp is that those taxes will just be passed down to us. We will pay more for fuel, food and commodities. Who can afford more? I can’t!

Last November we thought we sent a loud and clear message to Washington. We demanded an end to the madness and put 87 new people into office. Many of these were held by spendthrift incumbents. We expected them to follow through with their campaign promises. They promised to cut the budget and get the debt under control. Returning that $105 billion secreted in the health care bill would be a good start.

Many of them voted for another stopgap bandage that would temporarily keep the government open. Radical surgery is needed. Jim Gerlach and Pat Meehan reneged on their word. I urge you to pay them a visit and demand them to keep their campaign pledges.

Take your kids along for a good civics lesson. Express your disappointment in their behavior and in our waning support. They are hoping we have forgotten and have grown apathetic but we have not. No more Band-aids or bubblegum.

Patricia Sellers

West Chester

Also printed in The Daily Local News – Sunday, April 24, 2011