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Friday, December 17, 2010

Kicking it Down the Road

Now there's a phrase that everyone should know.  You can think of it as the anti-thesis of Truman's "The Buck Stops Here".  Politics have devolved into a "not on my watch" mentality.  The person at the end will be left holding the bag, when the music stops.  Problem is the music hasn't stopped yet.

We elect officials that are suppose to look out for us in the long term.  But unfortunately the electorate only seems to elect officials with a "what have you done for ME lately" attitude.  We all need to wake up.  We can not continue to pile on debt and make believe that problems will go away.  We need action now.  We can not kick it down the road any longer.  The debt will pile up to enormous levels and the whole system will collapse.  For my analogy, the music will stop.

No more government handouts -- no tax credits, education, military, police, etc.  It WILL happen.  It's a certainty.  Just like defunct businesses, banks will only lend for so long and they'll cut their losses.  They will stop giving.  The government's lenders will do the same.  They will stop.  Interest rates will climb.  We will pay more and the debt will bury us.

Congress and the President needs to stop "Kicking it Down the Road".  That solves nothing.  There ought to be a law.... Good luck in getting that passed.

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