Our nation is approaching a financial cliff. Unless our bureaucrats get the financial problems of our country resolved immediately everyone will be paying in some way for this terrible management.
We absolutely have to reduce spending (actual cuts, not just a reduction in an increase), eliminate fraud and abuse in the system, discontinue programs and agencies that are no longer viable, and combine agencies that perform similar activities to be more efficient.
Ask any financial person and they will acknowledge, no business, no organization. Even our federal government cannot function indefinitely borrowing and printing money to keep the system running.
These problems should have been resolved years ago instead of kicking the can down the road. All of Washington is to blame. Every agency, program, any entity that receives federal monies needs to figure out how to get by on less. The bureaucracy has become unsustainable.
Now is the time we need to come together as a country and contact our representatives and stress the importance of resolving the problems and not the usual political bickering. If we do not get spending under control all the wants and actual needs of the country will have to be put on hold. This will dramatically affect everyone and everything. The dollar will be devalued, inflation will stay high, and the economy will continue in a slow growing mode.
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Raising the debt ceiling is not the answer. Actual spending reductions and making the bureaucracy more efficient is an excellent start.
I believe as a nation we can make this happen. We have tremendous resources and people that truly want to do the right thing. We must work together to hold our politicians’ feet to the fire.
Al Peach is a resident of Sioux Falls, S.D.
This letter does not necessarily reflect the opinion of The Forum's editorial board nor Forum ownership.
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