Don't get confused. This is the sane crisis. Everyone is trying to figure out if this is a repeat of 2008. It is not; it is a continuation. Our government, including both the Bush and Obama administrations, did a spectacular job of reacting and pulling us quickly out of the grasp of a depression. The reaction was so quick we did not notice we were in a depression.
This quick fix is now coming back to haunt us. Government is not focusing on a core issue needed to to solve the problem: job creation. It is like the world cannot handle two problems at once when in fact they are part of the same crisis. We need more jobs and we need to correct our over leveraged balance sheets. They are interdependent. One cannot be fixed without the other.
We need to fix the debt crisis; however; we have time. The Tea Party has done this country a big favor by waking us up to the problem. What we need to do now is to take a deep breath and develop a well thought out plan to overcome what we are facing. The time to plan is now and the plan includes a timetable for implementation
A major part of the deficit plan is job creation and economic growth.If we cannot put people back to productive work our debt problem will strangle us. This is no different than a household. If a family has insufficient income it cannot pay its debts. We can create productive jobs by investing in our future.
The world today is competitive as it has ever been. Geographic and political barriers that in the past allowed a country to be self contained no longer exist. If we don't meet the demands of the people of the world, some other country will. We have allot of investing to do in order to compete with the rest of the world. The time to do it is now.
Our leaders better start leading. As we are fighting among ourselves the rest of the world is snipping at our butt. The remainder of the country must learn from the Tea Party. All of us need to get involved and demand Washington do its job. If we sit back all we will have is politicians that are accountable to their big money contributors. .
For that lesson, thank you Tea Party, even though the big bucks of Murdoch, Koch and others have helped you along the way.