FanPost

Nations Debt Bad News

 

9:15 AM

According to ABC, the nations budget deficit is alarming and, "Economic forecasters say future generations of Americans could have a substantially lower standard of living than their predecessors' for the first time in the country's history if the debt is not brought under control.

Government debt, which fuels the risk of inflation, could make everyday Americans' savings worth less. Higher interest rates would make it harder for consumers and businesses to borrow. Wages would remain stagnant and fewer jobs would be created. The government's ability to cut taxes or provide a safety net would also be weakened, economists say."

So, with all the bad news facing Americans, we have Spring training starting tomorrow.  Phew, I thought there for a minute we had no future, but baseball brought me back to reality.  Thank goodness.

Texas Summer Heat



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