Milwaukee Journal Sentinel: Reduce spending to rein in debt
<b>Originally printed in the Milwaukee Journal Sentinel, November 15th, 2011</b>
The Joint Select Committee on Deficit Reduction faces a reporting deadline of Nov. 23. However, the United States will reach a dubious financial milestone before the "supercommittee" finishes its work. Within the next few days, our total federal debt will surpass $15 trillion. This amount of debt would not be a problem if our economy were $100 trillion - but it's not; it's about $15 trillion. As a result, our debt to Gross Domestic Product ratio has reached 100%, a very dangerous metric.
