Opinion

National debt misery

Posted July 18, 2019 1:00 am

With Ross Perot's passing, many missed a teaching opportunity by not looking at the federal budget deficit and national debt in 1992 versus 2019. Perot's wisdom, supported by basic math, lives on. Economists from ITR Economics say if we're not significantly paying down federal debt by 2020, another Great Depression is inevitable by 2030.

We have so many presidential candidates. Are any discussing this? Would the U.S. appear prosperous today if we were not spending way beyond our means? Hint: Anyone can appear rich by charging up multiple credit cards. When will we see that politicians continue to buy votes by spending tax dollars borrowed from our children and grandchildren? It's not right. It's not fair. It's going to cause incredible misery in 10 short years. No one seems to care.

Mark Hoske

Elgin

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