....... of a program that was on CNN today. It was led by Bill Bradley, and a documentary movie was shown re: the history of US debt from the time of George Washington. So, for almost 3 hours, there was discussion on the topic.
Frankly, for the first time I had a clearer grasp on it. Although the role of politicians is major in the cause, we citizens also share the blame. We have been content to become a debtor nation, and to think on the short term. We want services, as long as we don't have to pay for them. Then, of course, it didn't take long for the financial institutions to take advantage of the expiration of some regulations, and the very poor enforcing of the few left.
I have said here fop quite some time that I was concerned about China holding so much of our paper. I still am.
If the wars in Iraq and Afghanistan ended tomorrow, and all earmarks were eliminated. the savings would only be a drop in the bucket. Adding elimination of fraud and waste would also add little. We just owe so much. Trying to apply to "good sense" attitude of an earlier day just doesn't hack where we are now.