The Hill News

Both Republicans and Democrats have said that our country’s staggering $15 trillion debt is a serious issue. Instead of fixing the problem though, we continue to stumble from debt crisis to debt crisis without adopting legitimate, viable solutions. Even the president, who vowed to cut the deficit in half by the end of his first term, could not fulfill this promise.

Our country is now drowning in debt, which was further underscored in the Congressional Budget Office report last week that stated deficit spending in 2012 is slated to be $1.08 trillion - the fourth year in a row in which deficits top $1 trillion. 

Worse yet, our government’s gross debt is now 100 percent of GDP and the CBO is predicting it to remain there. These are serious figures that require serious attention; the time for lip service on our debt and deficit problems is over.

Our country’s debt is not something that can be solved over night. It is going to take h! ard work and dedication from both parties, both chambers, and the president. Congress cannot continue to play “keep away” with possible solutions. Whether through Cut, Cap and Balance or a balanced budget amendment, we have the capability to bring our deficits under control, but each option presented so far has been rejected.

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