Letters to the Editor The Palm Beach Post
July 15, 2013
Americans living beyond our means
American citizens and our government owe more money collectively than ever before in our country’s history: $17 trillion at the federal level, $13 trillion of mortgages, another $1 trillion in student loans and $3 trillion to $4 trillion in state and local government debt. This is $60 plus trillion in obligations — tragically almost four years of our country’s total output and production.
We Americans are now living in a country that is really coming apart at the seams, financially, morally, culturally and spiritually. Why? Sadly because we all have become addicted to living way beyond our means.
“The Big Lie” is that we can afford these debts — and has become one of this administration’s biggest national goals. Our obsession with the Fed policy of quantitative easing is another example that confirms we’re more concerned with maintaining this lie than actually reversing course and building a better and lasting economy.
Taxes will have to go up — fewer Americans will be forced to support those on disability, food stamps, Social Security, Medicare, etc. The politicians are promising more — and we, the taxpayer, will be on the hook to pay these looming bills.
Sooner or later the consequences of “The Big Lie” will fall upon we the taxpayers, a harsh and dire reality that will force Americans to pay more to support a bigger and more oppressive government.
DON EDWARDS
Hobe Sound
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