Wednesday, December 30, 2009

Unsustainable Growth In Government Debt

The growth of U.S. total government debt is on an unsustainable trajectory. At some point in the very near term, the U.S. populous needs to voice their concern about this growth to their elected representatives. This debt growth does not include the future cost of health care legislation or cap and trade legislation. In my opinion we are mortgaging our children's and grandchildren's futures.


Basil Rowe said...

I sadly agree with you opinion. I'm not sure if voicing an opinion will make any difference at this point, the hole we've dug is just too deep. I sincerely hope I'm wrong.

David Templeton, CFA said...

I think voicing an opinion is a must. It is a deep hole that has been dug, but I do think we can reverse the course we are currently on.