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HomeAmerica’s Ticking Deficit Time Bomb
Posted by Larry Doyle on September 10th, 2012 8:35 AM |
A few weeks back as my son was preparing to go back to college for his second year we discussed the prospects for America’s future. As with many within his peer group, he is very interested in a wide array of social and economic issues of the day.
After touching upon some of these issues, I then directed his attention toward the clock just to the left of this commentary that runs every second of every day. That clock measures our collective level of indebtedness without incorporating the costs of our entitlement programs.
I informed my son that the compounding cost of the debt was nothing more than a choke hold on opportunities for him and all of those in his generation and other generations to come. (more…)
