Now what? Now how do we stop the spending craze and focus on paying off our National debt. With all the additional revenues that will be raised, it isn’t even going to put a dent in the debt. When folks in the know, estimated how much impact the additional revenues will have. It is estimated, it will pay the debts for SEVEN days.
Folks, if this hasn’t been figured out already, this is a really serious problem. We have not only mortgaged our kids futures, but their kids as well. I have no idea where the term, kicking the can down the road, came from but we need to stop harming the strength of this country.
Look, it took a number of administrations to create this problem, we need to say enough.
Check out this article for more information on the fiscal cliff:
By: Mark Lieberman, Five Star Institute Economist