It's Time for Action, Not Politics on Reducing our National Debt.
Just ask Generation Y
Recently, I had the privilege to discuss current economic issues and to speak about my book, Climbing The Money Mountain to roughly 60 students and adults at a local school. I always find it rewarding to discuss current issues and important messages that I cover in my book.
Before I entered the room to speak, I decided to try something a bit different than usual by checking the current value of the United States National Debt. When I first wrote my book, the National Debt was $11 Trillion Dollars. I thought it would be interesting to see how much the National Debt would grow during my one hour talk.
At the start, I asked the students how many knew that April was designated National Financial Literacy Month? The State of Florida has a Financial Literacy Council, as do many states. The National Government has some 56 different programs on Financial Literacy among a number of different departments within the Federal Government. But when I asked these educated students and adults this question, not one realized that it was Financial Literacy month.
So when I told them that the current National Debt was nearly $17 Trillion Dollars, most were surprised. When I mentioned a little over an hour later that our National Debt had grown, while I was speaking, $150,000,000 (yes 150 million) more, there were gasps and jaws dropping in the room. I was even astounded, as I never looked at it that closely over such a short period. We discussed how important it is that our nation’s leaders work together to deal with this very difficult decision to reduce our National Debt so that people, like all of them in the room, can pursue their dreams in the future without being burdened by high inflation and rising debt.
I believed we all learned something from our discussion that day. Maybe our Congressional leaders can learn too.