http://www.billdawers.com/2011/07/23/debt-problems-werent-a-crisis-but-will-become-one-with-default/ Sat, 23 Jul 2011 15:42:23 +0000 hourly 1 https://wordpress.org/?v=7.1.3 http://www.billdawers.com/2011/07/23/debt-problems-werent-a-crisis-but-will-become-one-with-default/#comment-1355 Sat, 23 Jul 2011 15:42:23 +0000 http://www.billdawers.com/?p=891#comment-1355 This is a time for negotiation and compromise on both sides. The sad reality is that our country has been living on borrowed money for decades (the couple of years of budget surpluses a few years back were, in retrospect, a mere aberration) and the bill has now come due. Cuts to services will have to be made. Taxes will rise. We could not run our households the way our government has run its own finances and avoid bankruptcy–but the era of fiscal irresponsibility has to end now. And to be rigid and inflexible in one’s demands for the sake of political posturing at this time is not only irresponsible; it is just plain foolish.

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