Sunday, July 31, 2011

U.S. Default NOT the Real Crisis - Cuts in Time of Growing Needs the Real Disaster

While media and politicians have been emphasizing the potential
default as the crisis, it really is not and that is very misleading to
all concerned. The cuts that are likely to be made will have far more
negative impact, and are the real crisis. Far more crisis than default
as such. Default being a short term condition, but cuts being long
term in their effects. Worse yet, cuts, mean lack of new programs at a
time when those are badly needed. That is an even worse crisis. A
crisis that would have immeasurable impact on recovery, progress, in
fact the entire future of America and the effectiveness of its leading
example in the free world. I do not want to belittle the default in
saying this, but it has taken excessive precedence, masking the real
crisis, which is the drastic shrinking of the budget in a time of
increasing need. It could become severe enough, if cuts are as deep as
some propose, that some states would be pushed over the brink, and
many more people would suffer the deep and lasting consequences.

Robert Ezergailis
Hamilton, Canada

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