Letter: Progress will take years to show
Saturday, December 22, 2012
I recently wrote our U.S. representatives and senators, and received an email back from Sen. Maria Cantwell, D-Wash. My thanks to her for responding so quickly, however I must use her as an illustration of lack of comprehension and "pie in the sky" approach to this great nation's problem of debt.
Cantwell responded, "We must reinvest in our education system, in our workers, in our nation's infrastructure and in the development of clean-energy technologies that will reduce our dependence on foreign oil. By making these important investments today and helping revitalize our economy, we can leave our children with prosperity, not debt."
It will take 15 years to balance the budget if we reduce our spending $100 billion every year. Then, we can pay down the debt. Let's say we do so with $100 billion each year after we balance the debt. It will then take another 150 years to pay off the debt. There is no way that our children will ever see anything less then a $15 trillion debt.
It appears that Congress will never put forth any action that will effectively address the debt problem. We, the people, are part of the problem because we do nothing to express our desire to do something about it.
Until you have lived without debt, you don't really know what freedom is.