To understand America’s debt today, imagine owing your credit card company $200,000 with $4,000 per year in interest, while making $150,000 a year and spending way more than that – and then facing the scary possibility of having to default. How would you dig yourself out of that one? Hint: Fiscal responsibility. Like many things, ignoring the problem won’t make it go away – it makes it worse.
Ultimately, a lack of fiscal responsibility will threaten our freedom as individuals, and as a nation.