As children, we were taught that America is the land of opportunity. If you can dream it, you can achieve it. If it’s meant to be, it’s up to me. No matter your circumstance, age, race, gender or ethnicity, America wants you to succeed, right?
Fast forward to today, and the focus in the political world is on the United States debt. It is almost impossible to even think about the United States defaulting on it’s loans, or states declaring bankruptcy, but unfortunately those days could be here sooner than later.
Balancing a budget is something every person in the country must do in order to be successful. If we spend money, we must continue to make money. If we borrow money, we must know that we can pay for it, and quickly. Anyone can get into a bind and need help, and if we pay our bills on time, and maintain a decent credit score, there is always a solution to a financial problem.
If ordinary Americans must do it, then our government must do it, plain and simple. The past few weeks have been a showcase for both Republican and Democratic plans to reduce our deficit. Both plans involve saving trillions of dollars, but neither would manage to balance the budget. What does that mean for the 20 and 30 somethings hoping to become wealthy and live a life of security? Can we count on the opportunities of the past 20 years to be there again, and make us money? Or will this debt pushed on to us affect our pockets indefinitely? What about our kids?
With all these questions, are there enough answers coming from Washington? Congress just approved 38 Billion dollars in spending cuts, after weeks of fighting between parties. This amount of money is small potatoes, and is barely a footprint in a long walk back to fiscal prosperity. Raising taxes on the rich isn’t fair, but neither is cutting Social Security or Medicare. Unfortunately, all three things may need to happen in order to sustain our financial burden before it becomes too big to fix.
Ultimately, the American dream is still intact, but for how long? We should not have to reshape our dreams as individuals to fit the current economy, that is not how America was built, and certainly not how it will prosper again. Limiting our thoughts limits our possibilities, and now more than ever, people are looking for answers. It may come in the way of an amazing invention that will create endless private sector jobs, or a government program that actually puts our tax dollars to good use. We can’t expect the government to solve all of our problems, even when we elect them to do a service for us. What they have done in the past decade or so is put us in a position as a country where it is hard to see the future we were promised. This isn’t the first time it’s happened, and certainly won’t be the last. All that is guaranteed is that it will pass. I still have hope that when it does, it will still be the America my parents and grandparents saw.
If we don’t believe things will change for the better, that we will revive the economy, and the American dream is as attainable than ever, then we will be letting down those who came before us. Those who saw challenges and faced them head on. Those who struggled through the present so the future would have a chance. We owe that to those younger than us, and more importantly, ourselves.
Paying my monthly credit card bill,