The Forgotten Balanced Budget and the Fading American Dream


As a father of four children, what I worry most about is what opportunities my children will have when they enter the work force.  My parents both sacrificed coming to this country seeking to make a better life for themselves and in turn their children and represent the American dream.  They were able to provide for their children and give them a better life.  I fear that a large majority of people in my generation will not be able to do this for their children in large part due to the huge government debt that has accumulated and spiraled.  The huge debt saps the confidence the world has in our economy and weakens our country.  It will over time prove to be unsustainable and my children’s generation will wind up paying the price.  There were periods of time when our government focused on balancing the budget.  From 1998 through 2001, the U.S. government not only balanced the budget, but had a surplus.  Since 2001, there has been a budget deficit every year and the amount of the annual budget deficit has spiraled to more than $1 trillion each year from 2009 through 2012 (largely under the auspices of fighting against the economic downturn).  It just recently started coming down, but a lot of the damage has been done.  The elected officials in Washington have to start focusing on the strength of our economy and creating a more balanced budget going forward.  Otherwise, our children will be saddled and will not have half of the opportunities that their parents did.  This country is unique in the opportunities it offers everyone.  The American Dream and all it represents is what distinguishes the United States from every other country.  The elected officials in Washington should all work together to see to it that the Dream lives on.

B. Gianaris