“..... I do believe that if we don’t deal with the debt now our grandchildren are screwed. Even my children might be (oldest 13) and I would rather deal with the debt and sacrifice than have our children and grandchildren going through it.”
In fact, there is a good chance that if we don’t deal with it now, the present recipients of federal pay/benefits/retirement/welfare/medicaid will be screwed. The best scenario, I think, is a significant haircut for all federal expenditures. The worst is runaway inflation that kills everyone.
I truly believe that if something does down with the government then the private sector will fall apart too and everyone will be in deep trouble. It is very scary and we have a congress that is not taking it seriously......UNFORTUNATELY.