National Debt: What YOU can do about it – 2

If you weren’t able to read Part 1 of this series, you should do that first.

PART TWO   BE READY TO SACRIFICE

This financial mess is ridiculous.   Instead of being a lender to many nations, we have become a debtor to many nations.   In order to get the budget to balance, we will need to CUT SPENDING.   This means that some great programs will suffer budget cuts.   It means that some great programs will be cut out altogether.

We must understand that the cuts do not mean that the programs are not good.   It just means that our nation is out of money!

I am a simple person, so let’s make this really simple.   If my budget shows a deficit, I MUST balance it to EXACTLY ZERO.   After all, it is my trademarked catchphrase: INCOME – OUTGO = EXACTLY ZERO

There are two ways to balance the budget:

  1. Increase INCOME (raise taxes or stimulate the economy so that more taxes are paid)
  2. Decrease OUTGO (reduce/eliminate programs)

Experts generally agree that some of both #1 and #2 must happen.   BOTH will require personal sacrifice.   Get ready.

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One Response to “National Debt: What YOU can do about it – 2”

  1. Daphne April 6, 2011 at 7:30 pm #

    Let me start by saying that I agree with both points you’ve made. I understand that we need to raise taxes and tax those who are not being taxed *cough GE, Marcellus Shale, cough*. I understand that programs have to be reduced/eliminated for a time to get debt under control.

    However, I must open this can of worms… why must sacrifice entail sacrificing our children, specifically their education? Schools all over the U.S. are under attack, perhaps in a shady effort by some of our local government leaders to eventually get rid of the middle class.

    Is it necessary for our kids to get hurt through our personal sacrifice? Is it avoidable? What can we do to protect our children’s future and education?

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