It’s typical for an American today to be in more debt than they can easily pay off. It’s considered acceptable, which has slowed down our urge to pay off the debt that we do owe. It’s not that people want to remain in over their heads, but for many, it is the only option. This is part of what frustrates our leaders in Washington, D.C. We hoot and holler about the rising national debt, but are unable to fix it easily for ourselves. It’s not easy, but it is necessary, and the complicated system the national debt lies in makes the whole situation more complex than we’d like.

The government’s heavy debt load is not only metaphorically bad; it also costs the American people millions in tax dollars. We’re also putting other nations at risk. Many have pegged their currency to ours, in order to enjoy some of the historic American stability. However, if the government is continually taking out loans, that stability, and the economy of those nations, are put at risk.

In an election year, it’s never been more clear that everyone thinks they can fix the national debt. However, these promises have been made for years, and few have even been able to balance the budget. For an individual, that’s not even feasible. Refusing to keep the budget balanced would cause many to face stiff legal penalties, and yet the government continues on its path.

A Chorus of Many Can Make a Difference

As members of a democracy, we have the obligation to demand our representatives to reflect the will of the people. It is an opportunity for us to demand change. When we vote, we should vote for change. If we work together, we have a real chance at forcing politicians to listen up and institute the changes we’re asking for. We cannot wait for the national debt to disappear. If we, as consumers, were to just wait, the situation would continue to get worse. That is exactly what’s happening now. Each time you vote, think about the debt that’s getting passed on for posterity. You wouldn’t want to pass on with large amounts of personal debt for your family members, and you shouldn’t want that to manifest itself in taxes from national debt either.

The polls in this year’s primaries have shown that the economy is the number one issue among voters. Let that concern manifest itself in a close analysis of the spending habits of each candidate. Think about writing these individuals, who are shaping their platforms around what we say is important, to let them know how you feel. If they fail to respond, then fail to vote for them. Make sure your personal finances are reflecting the changes you want to see on Capitol Hill. Only then can we create a legitimate cry for change.

 

Here are some more national debt resources...