If our national debt is not addressed in the near future, we will fail as a nation.

From Wilkesbeacon.com

America, let’s be serious.
It’s not the war in Iraq, party discrepancies, or ideology that is our biggest threat.
In recent months the economy has been the sharpest pain that the United States has been enduring. It’s hard to fathom that in order for us to balance our national budget we would need $53 trillion.
The documentary I.O.U.S.A, recently screened on campus, outlined what is contributing to this economic mess. Certainly, there seems to be no easy solution to eliminate the debt.

Annually, the national budget increases by two to three trillion dollars. The U.S. government continues to borrow money from various countries that it will never be able to pay back in order to cover expenses.
But the reality is clear: ultimately the countries we owe debt to may one day have a ruling voice in U.S. policy.

Within less than ten years, an unequal balance between individuals receiving social security and those paying into it will begin. We won’t be able to take care of the people who took care of us.

According to I.O.U.S.A, “In 2008, the United States spent $610 billion on Social Security benefits, $330 billion on Medicare, and $204 billion on Medicaid.”
A step in the right direction for solving the budget deficit would be to tighten up guidelines for those who qualify for Social Security. I believe that Social Security requirements need to be reviewed and revised.