In case we're not looking, the country is now in debt to the tune of approximately $5 billion.
Assuming our total population is 350,000, that's $14,285 per person.
If we divide it among a working population of say 150,000. That's about $33,000 each.
These numbers are astounding and worsening with each passing year, so something has to be done.
Sure it sounds cold hearted, but either the government starts to find ways to cut back expenditures or we all might have a much higher price to pay. Cyprus comes to mind.
While we did not borrow the money, we have been duped into believing government comes at no cost to us as taxpayers because of all the borrowing that has transpired over the past 40 years.
The question is, will government stick to its guns and cut back in other places or is this the typical political trial balloon?
Another thing the government should do is pass a Constitutional Amendment restricting deficits and borrowing and a balanced budget.
It seems just a short while ago that most people had to work to pay their way through college. Today we take it for granted our way should be subsidised.
Where did we go wrong?
There aren't many policies of government that I support, but this is one.
