Tuesday, April 26, 2011
Sunday, February 6, 2011
Wednesday, January 5, 2011
New Year’s Economic Resolution
As we reflect on 2010 and look forward to a fresh start in 2011, we should be deciding how to make this year better than the last. Economic activity has certainly picked up and we are in much better financial shape than we were a year ago, however, the unemployment rate remains stubbornly high at around 10% and the sovereign debt issues continue to plague the global economy.
As our nation enters the 235th year, the question that I ask myself is, “Did we honor our ancestors and founding fathers who paved the way by working so hard to give us the freedom and liberty we enjoy?” My answer today is “Yes & No”.
Yes, we all did work hard in 2010 to pull ourselves up by our bootstraps and get the country back on solid footing. The commuter trains full of able-bodied and hard working people continue to run back and forth to the cities everyday, the schools are busy educating the future of America, and our roads, bridges, and tunnels are continuously being maintained by construction crews working day and night. I believe these are the unsung hero’s and the people who make our nation great.
No, we did not pay off our debts and learn the valuable lessons of frugality that were learned during The Great Depression and led to decades of economic prosperity. The national debt now stands at approximately $14,000,000,000,000 (not including the unfunded liabilities of Social Security and Medicaid according to www.usdebtclock.org) and a vast majority of that is owed to foreign countries who may or may not have our best interests in mind.
As the citizens of this nation go back to work in 2011, I hope that the politicians in government will show leadership and get our fiscal house in order. The future of The United States of America depends on it.
As our nation enters the 235th year, the question that I ask myself is, “Did we honor our ancestors and founding fathers who paved the way by working so hard to give us the freedom and liberty we enjoy?” My answer today is “Yes & No”.
Yes, we all did work hard in 2010 to pull ourselves up by our bootstraps and get the country back on solid footing. The commuter trains full of able-bodied and hard working people continue to run back and forth to the cities everyday, the schools are busy educating the future of America, and our roads, bridges, and tunnels are continuously being maintained by construction crews working day and night. I believe these are the unsung hero’s and the people who make our nation great.
No, we did not pay off our debts and learn the valuable lessons of frugality that were learned during The Great Depression and led to decades of economic prosperity. The national debt now stands at approximately $14,000,000,000,000 (not including the unfunded liabilities of Social Security and Medicaid according to www.usdebtclock.org) and a vast majority of that is owed to foreign countries who may or may not have our best interests in mind.
As the citizens of this nation go back to work in 2011, I hope that the politicians in government will show leadership and get our fiscal house in order. The future of The United States of America depends on it.
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