If and when this meltdown does occur, whoever is President, of course,
will be blamed and blamed heavily for the crisis, taking his Party with
him. But we should remember that successive Administrations over the
past 40 years all bear a share of the responsibility. Both government
and we overly consumer-minded Americans as well must realize that we
cannot continue to spend what we do not have nor receive that for which
we refuse to pay. Put simply, there is no free ride in this world. And
government at all levels, not only in Washington, has failed to
understand this. Whoever wins this election had better be prepared to
show some real leadership and be willing to take strong action
immediately to save the Nation from what could be tantamount to a
catastrophe. A good place to begin, I believe, would be freezing the
Federal budget and begin working toward some deep cuts and
re-prioritizing expenses in favor of the Nation's infrastructure.
Balancing our Federal budget and making some headway against an
out-of-control national debt are an absolute must. There must be a
return to sound fiscal policy.
Realizing that this could be political suicide for the new President, I
can only say that he most likely will go down in history as the one who
saved the nation.