Some say the national debt doesn't matter anyway. Of course, that is absurd. The only way debt doesn't matter is when you have no intention of paying it. In that case, your creditor will soon find you out, and the loans will stop, leaving you to subsist on your means. Try that for a while, and then tell me "Credit doesn't matter."
(Soon, our national debt will be at 17 trillion dollars. If interest rates go to 6%, we will be paying one trillion dollars a year on the interest alone.) Still think the debt doesn't matter?
The other day, an analyst said on CNN, "I wonder if we are seeing the end of this economy as we know it." Yes. Another said, "If Reagan was here..." No; "Hillary could..." No; "Mitt..." No.
Some wonder if anything can be done. Certainly. We could hang mirrors and achieve the illusion of returning to the way we were. Of course, that will not last long.
We could adjust the tax code so that more businesses and people keep more of their money. that might help individual businesses and people. But with a burgeoning population (over 300 million people), and burgeoning numbers of unemployed, homeless, and foodless people, can we so shrink government revenue and still call ourselves a "compassionate nation"?
Less is coming, folks, and we will have to settle for it - less salary, less food stamps, smaller unemployment checks. The days of America devouring 25% of the world's resources are over. We are less than 5% of the world's population. Imagine settling for 10% of its goods.
It is not as bad as it sounds. Imagine fashioning a work ethic again - where we harvest our own fields, change our own tires, and cook our own meals for our families. (Imagine closer-knit families). Instead of taking your children to Disney World, imagine taking them on nature walks. They will find those excursions infinitely more satisfying, and memorable. So will you.
It is time we got our hand dirty again, America; time to do some sweating. Let's stop the whining and go bare knuckles. We can row out of this storm.