Address deficit issues, invest in technology

Only in the consecrated corridors of Congress could the consensus concur a course of conduct (sequestration) is catastrophic, yet lack the courage to do anything. The only thing crazier would be addressing phantom budget deficits, 10 years hence, which will most likely never materialize. 

Didn’t we learn our lesson in the early 1990s, when everyone agreed it would take a decade to balance the budget? Before we knew it, technological innovations, along with Democrats and Republicans working together in our country’s best interest, produced a budget surplus in just a few years. Thus, the gospel of imagined future budget deficits was proved false. 

Nowadays, numerous politicians wish to focus on the earned benefits of Social Security and Medicare as the big bad wolves driving deficits, when they are solvent for some time to come. When Reagan solved his Social Security crisis, the fund was down to roughly 2 years until insolvency. There is plenty of time to address any future problems in those programs. 

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com

Blogs

» Extra! Extra! - A blog by Chris Heimerman
Extra! Extra! - A blog by Chris Heimerman

Knowledge is power, right?

Bryan Frederick is a Lifestyle Medicine Instructor at CGH Medical Center, and he's got me thinking and re-thinking my approach to weight loss.
» Out Here
Out Here

Why the need for middleman?

The other day, we ran a story about the Dixon Tourism Board's website, which is hard to navigate and missing key information, particularly about the Petunia Festival. Are we wasting our time examining local tourism websites?

Reader Poll

Have you ever gone boating on the Rock River?

Yes
No