We must cut to get out of debt

Our country is so deep into debt that just the interest payments on the debt, paid mostly to foreign countries, are nearly $8 billion each week.

How do we ever get out of this very deep hole the D.C. spenders dug for us? Even with a full economic recovery tomorrow afternoon and the revenue generated from any such boom, the debt will still be higher than the GDP.

An individual or corporation can declare bankruptcy and start over. What does our country do? Sell our national parks or other resources to our adversaries as an interim cure?

So, how did we get to this point in the first place? It’s very simply called spending more than you can ever make.

The president addressed this issue after Rep. Ryan submitted the GOP budget plan, but in his address the campaigner-in-chief did just that — campaigned. He offered nothing except rhetoric in an effort to bolster his poll numbers in his bid for re-election.

His cronies in Congress haplessly follow his lead and refuse to make realistic cuts, cuts that are necessary but still represent only a very small step in the right direction.

Paul Ryan offered more cuts in spending than most would like. But folks, even these cuts although absolutely necessary will help only for the short term. Even that won’t do it in the long haul. We all will have to bite the bullet in one way or another. Most of us have already done so or are willing to do so.

The Democrats are not relenting from their misguided direction, and therein lays this huge and demonic problem.

Jerry Marchese

Wayne