Your View: Let’s have leadership that reins in spending
In the near future the federal government will run out of out of borrowing authority. What does this mean? Essentially, our national debt has grown to almost $16.5 trillion . When President Obama took office in 2009, the debt was $10.6 trillion. In just four years of the Obama administration, the debt increased $5.8 trillion or 54.6 percent. The federal government is now borrowing 46 cents of every dollar it spends. This cannot continue. The U.S. government’s credit rating has already be downgraded.
Now, the Obama administration wants to raise the debt ceiling another $1.6 trillion. Rather than raise the debt, we should drastically cut expenses and raise more revenue so that the budget is balanced. This is not an easy task. Raising more revenue means more taxes or fees. Cutting expenses will be like pulling teeth.
We need a balanced budget — every household, local and state government lives within their means — generally speaking. Even bond issues must be covered by revenue payments. If this can be done by our local and state governments, the federal government can too. There is talk of adding a balanced budget amendment to the U.S. Constitution. First, this is not an easy task and it is time consuming task. Rather than a constitutional amendment, we need leadership in Washington that is willing to fashion bi-partisan legislation to rein in spending.
JAMES W. COREY
Mark Jan. 31 on your school calendar
What a powerful statement it would make to our public schools if all of us — governments, nonprofits, businesses and faith based organizations — would articulate in unison our intention to participate in preparing our children to learn.
AchieveGuilford and its partners lead the charge in our area and is the one voice for a cradle to career model that has taken root in communities across the U.S. The cradle to career concept engages “all of us” to make certain our children are prepared for school; engages us to support Guilford County Schools (GCS) as well as post-secondary education and a career.
The connection between strong public education and a vibrant local economy is undeniable, but the urgency to shore up both is even more important due to economic instability. Local leaders from all sectors are more engaged with early childhood learning and GCS and beyond because they know education is the only insurance for a prepared, creative and focused workforce.
Many of these CEOs, parents, teachers and education advocates will be at GCS’s State of Our Schools event on Jan. 31 in a demonstration of solidarity for public education. We hope you can join us to learn how you can help make Every Child Ready: Cradle to Career!
The writer is project manager with AchieveGuilford.
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