We had a very large discussion on the subject over the past few weeks in my international economics class (my professor is a member of the IMF committee).

Nobody is willing to step up to the plate to tell Americans that they will have to suffer a little now in order to save their children. We’ve been getting more than we deserve now for decades. For a few hundred a year for the next 10 years per family, we could practically erase the national debt. I’m not absolute on a balanced budget, in times of need, it’s OK to dip…..but not for years on end.

Ultimately it’s our fault for not being educated on what the current economic future holds and how it can be changed. We are also greedy. As soon as somebody mentions taking more money, and we don’t get any kickbacks, we get mad. Needless to say, we don’t trust any politician who says more money is needed.

The donkeys and elephants are both wrong, you are correct. We need somebody to represent my children. It’s already gonna be bad enough for me in 40 years….