BOB BROWN, ASSOCIATED PRESS
In this March 7, 2011, file photo U. S. Senators Saxby Chambliss, R-Ga, left, and Mark Warner, D-Va., right, speak before the Virginia Chamber of Commerce in Richmond, Va. The two are leading a bipartisan partnership of six senators tasked with tackling a deficit crisis that has forced the government to borrow more than 40 cents of every dollar it spends.
We're in a pickle. That's a grand old phrase from the 1900s. It served to explain that we had a problem, but with an added twinkle of hope that there was a way out.
A real sour pickle we're deailing with now is our indebtedness to foreign countries, amounting to $5.4 trillion, with China and Japan holding 42 percent of it. What if these nations suddenly demanded their cash? Another is our national debt, $16 trillion.
Well, folks, the solution seems very plain, with only two choices: (1) just keep adding zeroes or (2) recognize our situation, study the best way out and carefully make our way to safety.
Don S. Robertson