The U.S. is barreling directly toward a Greece-style financial crisis complete with a sovereign debt downgrade, a currency crisis, and double-dip recession. It is a threat to every man, woman, and child in America.
There is a direct connection between the federal debt and the imminent financial crisis. Reducing the current and projected debt has to be the top priority for any serious federal policymaker.
Put simply, the status quo entitlement programs will be a disservice to their intended beneficiaries, feed the bloated debt bomb, and fuel an economic disaster. Reform of entitlement programs must be the number one issue.
So, one would expect that entitlement reforms would be at the center of the debt-ceiling negotiations. Wrong.
Entitlement reform is off the table and the focus is on a tax strategy that is a proven failure.
This is leadership? Really?