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I wonder why it is so hard for people that want everything from the federal government to understand we’ve long since run out of money and payment to service our national debt is approaching one trillion dollars. It is now unsustainable and government must be cut back. We no longer can support the world and waste, fraud and abuse in our own government programs.
We now have people duly elected to take on this unpleasant, onerous chore. It won’t be popular because many toes will be stepped on. But it is vitally necessary, because foreign investors, seeing the USA, a bad risk will stop buying our debt bonds and we would have to sell them at even higher rates. At some point it would be too risky to buy them. As the amount of sales diminishes, and there is less money to cover expenses, PAC MAN like, money to spend on existing programs will be eaten up and shrink as the programs also do!
We have to decide, do we want a country, or at some point, declare bankruptcy! It’s decision time!
James U. Sinclair
Wright Township, PA