It did not sneak….it was a long time coming and had many warning signs and causes.  One of the seers was former GAO comptroller David Walker.

For too long the airwaves have been full of political rhetoric…no one wants to talk about what the problem really is…….procrastination.

The President and the Congress are to blame!

What they don’t talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of economic disaster if nothing is done to correct it.

There’s a good reason politicians don’t like to talk about the nation’s long-term fiscal prospects. The subject is short on political theatrics and long on complicated economics, scary graphs and very big numbers. It reveals serious problems and offers no easy solutions. Anybody who wanted to deal with it seriously would have to talk about raising taxes and cutting benefits, nasty nostrums that might doom any candidate who prescribed them.

You see Walker told the Congress of the coming problems if they did not start looking at a long term solution and that was not acceptable to them.  You see, that would not be good for their re-election campaigns…to tell the voter the truth.  All concerned are always looking for short term solutions and avoiding the inevitable.

And that Irene, is how we got in this pickle that we are trying fix.  Cowards, always afraid of the future and concerned with their own little menial problems while the country drowns in the sea of BS.