Q: The immense amount of national debt has only increased in the last few years with the bailouts of numerous companies. How should America alleviate that burden for future generations?
A: This is a huge concern. We’re especially concerned with what state we are going to leave our country in for your generation and beyond. My boys are in sixth and eighth grade so their future is certainly a concern as a parent. The state we are in is just not sustainable, both in terms of the level of discretionary spending as well as in entitlement spending.
The real challenge going forward is the 2012 budget debate and what spending parameters we’re going to set for the coming year and decade. This is where there is significant disagreement. The president’s budget really had no entitlement reform and proposed a spending plan that would balloon the debt. In my opinion, it was irresponsible. The House Republican budget has been criticized in different ways, but it was trying to be more serious about debt and deficit reduction.
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