(PHOTO CREDIT: GETTY IMAGES)
FROM CNN's Jack Cafferty:
If someone in Washington doesn't wake up and do something meaningful about America's deepening financial crisis, it could be the end of the road for this once great nation.
It's been clear for some time that we can't continue in the direction we are headed, yet Washington just sits on its collective hands: our lawmakers keep spending money they don't have, while refusing to make any serious cuts.
Take a look at where we are today:
- For starters, the deficit commission that's supposed to come up with some solutions has issued its final report... but has pushed back its crucial vote until friday.
- After promising to ban earmarks, the Senate voted not to - typical. These people are strangers to the truth.
- Nothing yet from Congress on the Bush tax cuts - as we hurtle toward the biggest tax increase in American history on January 1. Meanwhile, polls show an overwhelming majority of Americans want at least some of them extended.
- Unemployment benefits start expiring today for two million Americans - since the senate failed to renew them. If people can't find jobs... what happens to them now?
- President Obama wants to freeze federal wages for two years, but he says nothing about reducing the size of government.
- The States face a collective $41 billion budget gap.
- As the war in Afghanistan drags on, it's looking like Korea or Iran could be next up. where's the money for that going to come from if it happens?
For all these reasons and more - the national debt now tops $13 trillion... some estimate it's growing at the staggering rate of five billion dollars a day.
Here’s my question to you: Is anyone serious about tackling the nation's deepening financial crisis?
Interested to know which ones made it on air?
First we need to get out of both unpaid-for wars. Second we need to be done with the Bush tax cuts for the majority of people. If they were doing such important things as the Republicans keep telling us, we wouldn't be discussing our financial crisis issues.
Ben in Boston writes:
Ron Paul. The president has dozens of czars in the White House. I nominate Ron Paul as Congressional czar of deficit reduction. Give him the title and the power and let him loose in the House in January.
Ken in California writes:
It isn't that they aren't serious about tackling the nation's financial crisis, they just don't have a clue how to fix it. Social issues like gays in the military, immigration, abortion, etc. clutter the Washington landscape of politics, blurring focus on the most important crises in our history. The weight of debt is sinking the good ship United States.
For me, this is symbolic of how politics is broken. Instead of tackling the big, long-term problems through compromise, everyone has a short-term focus. They're trying to do whatever is easy or popular and point the finger at the other side in order to position themselves for the next election. If nobody is willing to bend, chances are the country will break.
Alex in Washington writes:
Heck no, Jack! The Democrats are catering to their base, which gets entitlements, and the Republicans still want tax cuts for the rich. The Tea Party is our only hope but some have already flip-flopped on earmarks and the rest of them will probably go along and raise the debt ceiling and continue with business as usual.
Ann in Providence, Rhode Island writes:
Our current political and financial situation is nothing new. I recall my history classes: the fall of Rome, British empire, etc. All great civilizations get arrogant, fat and lazy...and fall off the wall.
Shirley in Ontario writes:
I'm not sure the country can be saved from financial ruin.