Our nation’s real fiscal issue is not the $85 billion sequester, it is the $80 trillion that we now have in unfunded Social Security, Medicare and government pension liabilities, etc. As our nation gets older and more of us begin to retire, the financial pressure will become severe on our budgets.
These obligation will not be borne by the workers and the retirees of today, but by today’s youth.
Today’s youth voted overwhelmingly in November for President Obama. Perhaps it is now time for the president to help the constituency that supported him. Instead of flying around the nation speaking about the doom and gloom of a 2 percent cut in spending, perhaps it is now time for him to attempt to lead and solve real problems.
There is still time to modify entitlement programs and to make them more sustainable for future generations. There is time to change the funding sources and to rearrange the rest of our nation’s finances to withstand this eventual onslaught.
It is now time for the president to stop demonizing jet owners and oil companies and begin to look for adult solutions. Young people’s decision to vote for him doesn’t have to be a mistake. Wouldn’t it be great if they could someday look back on their vote and be happy with their decision? There is still time.