The debt crisis everyone one is talking about it. In reality it will affect us all drastically in some way as students and as future agricultural leaders. Being behind the scenes while all this is going down is exciting and confusing. You see there are two sides of the debate one saying we need to cut and balance our budget stopping the spending of our money that doesn’t exist. This is more of the small business look at the government saying if we don’t have it we can’t spend it. On the other hand there is the idea that we can’t cut things Americans are used to and that once the economy stabilizes it will fix and we need a more timely approach to fixing it.
The issue is we are currently standing still, to me that the answer seems obvious. You can’t continue to run a country on debt it won’t last. You have to look at this from a purely business situation. For example you can’t run any successful business for ten years without any profit. I feel we need to look at the Government the same way the American government is living beyond it means. We see on the news everyday families living on credit cards and then losing it all. We are at this point our government is living on credit.
It seems to me that working here you get a mix of views. Some middle ground Americans would say we need a compromise that has been tried and did not pass through the senate. The debt ceiling cannot keep rising somehow we have to slow it down to a stop this is not going to happen through more spending. I cant believe that balancing the budget and reducing our debt is a controversial issue.