WAVE 3 News Editorial - October 15, 2013: Crushing Debt - wave3.com-Louisville News, Weather & Sports

WAVE 3 News Editorial - October 15, 2013: Crushing Debt

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By Ken Selvaggi - email
WAVE 3 News Vice President and General Manager

LOUISVILLE, KY (WAVE) - Most of us pay our bills on time, live within our means and work hard to reduce our debts.

We should demand the same from our congressional representatives.  They will resolve their current differences for a temporary fix, but band aid solutions won't cut it for the long term.

Nothing less than our national security is at stake if we don't get meaningful resolution very soon.

In less than 10 years, the interest alone on our national debt will exceed $800 billion dollars.

America owes more debt than the combined income of every American.

That clearly is unsustainable. Besides the $17 trillion in debt, there is $71 trillion in unfunded liabilities.

It is the height of irresponsibility to burden our children and grandchildren with this crushing debt load.

We don't do it to our own children and grandchildren. How dare we let our elected leaders do it to them!    

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