Social Security and the National Debt–There is a Relationship
The national debt–quickly approaching the $20 trillion mark–is a fairly simple concept to grasp. We spend more than we take in, and the difference adds up over time. Any family or individual with uncontrolled credit card use understands how this works, and can readily identify with the futility as the number gets larger and larger. Lee H. Hamilton, former Indiana Congressman and distinguished scholar at the Indiana University School of Global and International Studies, provides a thought-provoking snapshot of the national debt issue and the corrective measures that are needed to right the ship: revenue increases, spending cuts, and economic growth. Read his remarks here…
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