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interest, which increases every month. Failing to reduce expenses, Jimmy and his family are soon bankrupt.
This is an (imagined?! personal tragedy. Multiply by millions and our entire country faces financial ruin. An exaggeration? The people who contributed to “I. 0. U. S. A ” (Alice Rivlin, Warren Buffett, Paul Volcker, Robert Rubin and others) agree that . . by 2040 the government will be spending twice as much as it takes in ... in 2052 spending will outpace tax revenues by more than three to one. . . .
“Failing to recognize the fiscal crisis represented by falling savings rates and rising deficits . . is tantamount to throwing in the towel and leaving them four children and grandchildrenl to clean up a doozy of a fiscal mess.”
That was w ritten before the spending proposed by the new administration, adding trillions in deficits and debt to jump start the economy, re-do medical care, and fight global warming (an expensive, totally needless project, given the world has cooled for the past 11 years. >
Fellow citizens, please consider this topic now. Inform yourselves. Let politicians know we want action now to correct our fiscal situation Tell them we’re willing to take necessary medicine to avoid a terrible future.
John L. Marocohi
Sperry ville
72.9%