Going for broke | AspenTimes.com

Going for broke

Dear Editor:Are you looking for a reason to go to the voting booth this Nov. 7? If you knew what David Walker, comptroller general of the United States, is saying about the financial future of this country you would run, not walk. And, you would vote for a change in the political management of this country.Walker is not alone. He has assembled a cast of financial experts from all political persuasions, and they agree completely. The U.S. is deep in debt. Much of that debt is now held by foreign governments. Congress is on a spending spree. Taxes have been cut even when “regular” spending is up, not to mention wars in two countries that are being funded entirely on credit. Entitlement costs, especially Medicare, are projected to soar off the charts. Interest rates are expected to rise as this debt increases, which will raise the cost of everything. The U.S. will loose the ability to compete in world markets. The next generations will struggle to make payments, and the American standard of living will decline.As usual, in this election season, you hear very little about the real problems that challenge this country. The campaign managers inundate you with attack ads and distract you from anything really important.Today’s Republican party must take the majority of blame. The traditional goals of Republicans, financial conservatism and keeping the troops at home, were thrown out by leaders that value power most of all. After solidifying their hold on power, the current radical leadership has thwarted every attempt at moderation. It is time to break up the extreme right-wing regime and start to focus on solutions.Patrick HunterCarbondale