The Deficit is Growing
Written by Pat Perry
President, ERC
This has certainly been an interesting year. The Presidential campaign, gasoline prices, Black Monday, Russian invasions and the continuance of the wars in the middle east to name a few. It would be no wonder if the average American is a little dazed and confused. Wow…2008 is not the year I thought it might be…it had so much promise.
I was watching CNN the other evening and they were illustrating on a chart, the expansion of the
U.S. deficit with the so-called “bailout” to exceed $16 trillion. The American public should be screaming. The mess that has occurred over so many years is going to take a very long time to correct, even if the right measures are put into place.
The deficit and the financial mess we are in are byproducts of a bigger problem in this country that has no signs of slowing down. We are saddled with a leadership deficit, the likes of which may be the biggest in our nation’s history. I think my generation blew it. We had our chance.
I am hopeful that the upcoming generations look at the childish and gutless behaviors of our elected officials and corrupt CEOs and recognize that reform is a must. It is not an option. It’s going to take guts and determination. But they will have their chance and here is one Boomer that is praying that my kids’ generation don’t follow our horrible lead.
Shame on us.