On the Deficit

The deficit will be one of the major problems facing the United States as China becomes the largest economy in the world.  The US has been acting like an irresponsible teenager with a credit card who has run up a big debt and wants to just pay the minimum balance.  The US should make it a priority to pay off the deficit.  Yes, this will be painful but it is needed.

Many in the TEA party are calling for this but the main idea of the TEA part (Taxed Enough Already) is flawed.  Paying off the deficit will require us to increase taxes.  It will also require cutting back on expenditures especially the military.  We will also have to cut back on government spending for social security and medicare as unpopular as that sounds.  The least painful way to do this is to increase the retirement age.

Both democratic and republican administrations have voted for the huge deficit we are faced with now. It will be up to all Americans to accept the responsibility to pay off this deficit.  The Baby Boomers have been the most selfish of all generations.  If we fail to pay off this deficit then future generations will look back at us as the most irresponsible of generations.