Borsinger Family Web Log

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Monday, December 10, 2012

12/10/2012 Dear Editor

It is upsetting that the present rhetoric regarding increasing taxes is overshadowing our bigger issue regarding where we are as an economy. Most of the politicians that are negotiating the present tax increase and austerity deal will be retired, writing their memoirs and being paid to give speeches when the true cost of our government’s lack of fiscal responsibility comes to light. Many economists expect the debt of our nation to overwhelm our economy in 5 to 10 years and result in an economy that will look much like what Greece is today.  There is no easy solution. Our education system needs to do a better job of making sure students and parents know about economics and financial responsibilities. Term limits would help those elected to focus on what is right versus what will get them reelected. Tort and insurance reform would help remove unproductive waste from our economy. Finally a balanced budget amendment would prevent our government from continued fiscal irresponsibility. None of this will happen unless the strong divisive and politically driven atmosphere is eliminated and we as a nation unite and do what is right to prevent our children from having to bear the burden of the mistakes we have made.

posted by Gregory Borsinger at 9:27 am  

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