Treasury Secretary Jacob Lew said the government will run out of money to pay its bills sooner than previously thought around November 5, 2015.  Lacking sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history.

Again, another year, to increase the USA debt limit by the government. Will monetary and fiscal policy ever return to “sanity”?  Will the political leaders ever become brave enough to quit spending more of the taxpayer’s monies than they bring in without fear of losing elections? Will Americans ever elect someone who doesn’t just promise them more and more “stuff,” and who will just start acting responsibly with the nation’s treasury?

Political leaders continue to “kick the can down the road” over and over again. Now, like games that involve kicking something over and over again, it won’t get rid of the economic grim reaper. Their “Keynesian mantra” is that the solution to debt is simply to spend more money. They believe it will stimulate an economic recovery that never occurred in the first place over all these years.

Until a proper resolution is reached to these issues, debt will rule.  When a nation loses control of its finances through debt, bad things happen in all other aspects of its existence. It loses its power and survival becomes a challenge and no longer a taken for granted right.

What is really required is the attention to what is really going wrong. There must be a willingness to repair, reform, correct and heal it. This awareness is now growing throughout the world. There is a feeling that something is out of balance financially in the world. The issue of tax reform and getting rid of government waste continues to be discussed and that surely has not helped.

The key of all this will be to get people back to work. The USA “unofficial” unemployment rate is approximately 21%. Let’s correct these policies and activities that aren’t working.  Make them work again in new and different ways