America in Debt

 

 The article that caught my eye was "Cash-Short, U.S. Weighs Asset Sales", by Edward Wyatt from the New York Times. Just as many American households are looking for other avenues of income so is the American government.  This article covers one of President Obama’s proposals to help raise this country’s revenue and reduce the deficit. The proposal is to sell some of the government’s assets such as land, buildings, and even airwaves. The support for this proposal is bipartisan. This is not a new concept it has been done before with positives outcomes. Although Congress may be in agreement, there are many bureaucratic obstacles and red tape to overcome. In a way I find that a bit ironic.  The process of overcoming these obstacles seems like it would take years. How much money the government can raise is up for debate. What I find interesting and refreshing is that the government is looking to all options to generate revenue.  It is important to every citizen that the American government can pay back its debts.  It seems like the deficit just keeps growing year after year.  The economic bubble has popped and it is time for everyone including the
government to balance the budget.