The Sunday Oregonian PolitiFact column has some alarming facts about the national debt. Basically, if we eliminate all discretionary government spending, the national debt will still increase over one trillion dollars in the next year.
An editorial in the same issue by Tom Coburn emphasizes the short time we have to correct this coming fiasco. It is titled, "Leadership and Our Looming Financial Crisis." He makes the interesting statement that just as Nixon (a Republican) normalized relations with China, so it may require a Democratic president to push through legislation to reign in the mandated spending on medicare and social security.
If elected officials lack the courage to push through unpopular cuts, we are facing a future with 20% unemployment.
I have been very concerned about the national debt for 20 years, and now my nightmare may become reality.
