The COVID pandemic has forced incredible unforeseen costs on the whole country. Stimulus Bills and other legislation aimed at maintaining food, shelter and clothing resources have significantly increased the National Debt–which now stands at approximately $28.3 trillion. While the Democrats attempt to support the average citizenry with funds, the GOP focuses–as they should–on the growth of the national debt and its potential long term consequences. So where is the common ground…both parties have valid perspectives?
An economist once said “We all eat in the short run; and we’re all dead in the long run”. Point taken: While there is no question that the Stimulus and other “blank check” money dumps are inefficient and abused by many, it is believed that the vast majority of Americans really needed immediate help to buy food, pay the rent and other household expenses. Yes, it was overkill to some extent but, when you’re rolling towards a waterfall it’s inappropriate to turn your back and think that alone will solve the problem. THERE IS NO LONG RUN IF THERE IS NO SHORT RUN.
We will no doubt pay a price for the growth of our debt but the consequences of not taking steps to help our people would have resulted in the destruction of society for many years to come. Imagine the chaos of starving, homeless families and the economic impact that loss of human dignity would have presented.
The background tragedy: our two parties have yet to find enough common ground to reconcile priorities and deal with the debt growth impact. It’s well past the time they should be looking for answers–not scapegoats.
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