And everyone is recapping 2011. There was good and there was bad, but things are looking up and everything is going to be OK. Really?
The American way, it seems; short attention span and optimistic out-look; wonderful. I do not like being a pessimist; I really don’t. And deep down I am not; we will pull out of the mess we are in, I believe, but I cannot help the nagging worry that clutters up my mind. How can we just put aside a debt such as the one we have accumulated, especially when the deficit is such that it continues to grow at a frightening rate? at least so it continues to appear to me; and that doesn’t even take into consideration Medicare/Medicaid and Social Security. But I seem to be in the minority – business as usual; we’ll come through it ok. But when do we start doing something about it?
Now don’t get me wrong; I am not a fan of just cutting everything off and stopping all spending; it cannot work that way; that cure would likely be worse than the disease. Surely some additional borrowing and/or taxing will be necessary, but how about spending? There seems to be no interest in stopping spending. What am I missing?
Yes, “they” would tell me, just sit down and shut up and let the “system” take care of it; it always has and always will. We are the most powerful country in the world and that means, ipso facto, that we can have it both ways – all ways? The world cannot get along without us. Yaddata yaddata, so why am I still frightened?
I AM still frightened.