Happy New Fiscal Year and welcome to more deficit spending! As told from Yahoo News:
The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.
The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011.
I have a simple question on this. Does America care?
I know segments of America care very deeply about this grave issue. I know mothers and fathers who weep at the prospects of where our government is headed in terms of fiscal insolvency and that their children will be picking up the pieces, if they’re able to.
America, as a whole though, the adult population, do we care in general? Do a “man on the street” question regarding budget deficits or the national debt and you will get a likely 95% of respondents who have almost zero knowledge on this topic or couldn’t be bothered to inform themselves.
Obviously nearly 50% of the voters care which is why they didn’t support President Obama for a second term since his administration in the first term has added more to the debt than George W. Bush added in two terms. No excuse for President Bush, he started down this path and opened the door.
The general population, in my experience, seems unaware of the direction in which we’re headed and the implications for our society. We think Europe is a far off land with fiscal problems that don’t resemble ours. We think Greece is just a segment on the evening news having little similarity to our eventual destination.
My bottom line question: How far do we have to go down this road of debt and deficits until more of the general population realizes where we’re headed? Follow up: When that time comes, is it too late?