Letters: National debt will lead to meltdown - East Valley Tribune: Letters To The Editor

Letters: National debt will lead to meltdown

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Posted: Sunday, May 22, 2011 4:15 am

NATIONAL DEBT

Shift focus or risk fiscal meltdown

While the politicians in Washington bicker and argue over the status of Ground Zero mosques and filibuster over tax cuts and 9/11 benefit funds, another truly serious and potentially crippling problem to the United States creeps in from the shadows: the national debt. Every American will undoubtedly feel the pressure of the trillions of dollars that the government continues to shell out if something does not change.

The retirement age will have to be raised to obscene levels or benefits will have to be severely cut to keep up with the number of people applying for Social Security funds in their retirement years. Taxes will rise to levels that are unheard of and government-funded programs will suffer.

Capitol Hill needs to shift its focus to the debt or risk a national meltdown of truly epic proportions. Without a change in spending, or an increase in income, a large problem related to the debt is imminent. The government must increase revenue or commit the apparently unspeakable crime of incurring tax hikes immediately if it cannot severely decrease spending. What will happen to the status of the United States when there is no money left?

Ryan Newland, Mesa

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