The United States: Debtor and Leader?
Posted on February 20th, 2010 by Admin
It’s hard to be a moral leader to the world when you have compromised your own future through fiscal irresponsibility. But that’s precisely the problem facing America today: Ballooning federal debt and a hollowed-out private sector threaten to render our nation a spent political force. What makes it worse is the realization we have done this to ourselves.
Democracy relies on the wisdom of its citizens to select representatives who share their values and aspirations. We collectively voted for the politicians who have racked up successive budget deficits to the point where America’s need to finance its outstanding federal debt now impairs its capacity to remain a self-determining nation.