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Thursday, October 29, 2026Oct 29

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Deficits and the ‘Gang of Six’

All of us are generally aware of our personal financial situation, whether it is comfortable or uncomfortable.

And whether we are aware of that situation or not, sooner or later, financial facts confront us all. Will we support ourselves and our families, pay our way, or fall into painful debt? We can’t escape those questions for long.

But many of the 100 United States senators and 435 U.S. representatives who are our voice in Congress refuse to deal with ugly financial facts at the national level.

Why? They do not want to require “us,” the voters, to face troublesome reality. That might cause us not to re-elect them.

So now we have a $14.3 trillion national debt and little agreement on how to pay it down.