Have you been paying attention to the National Debt clock in the upper corner of my blog? Its moving inexorably toward $16,000,000,000.00. It wont be long now. Our country continues to spend more money than it has. The government must collect more money and/or spend less. It can collect more by increasing taxes and/or by creating an environment so that businesses will prosper and employment will maximize.
People usually make a big deal out of the National Debt when it reaches a milestone like the one that is approaching and then forget it again. The coming election will determine which road we take and what happens to our debt in the future.
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RANDOM MUSINGS FROM THE TOP OF THE HILL
8/18/2012
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