We have some hard lessons to learn. We cannot afford to buy everything we want, and we cannot continue to live on credit. We have to learn to live within our means.
We need to say “no” to ourselves, and to some good and worthwhile federal programs. We have to say no to these things, quite simply, because we can’t afford them. The money is not there, and the credit is all used up. We have reached the limit of our unrestrained spending and now we must learn to do without.
When we have a problem, we should have the courage to face it and then do whatever is necessary to correct it. Let us get our house in order; let us show some financial responsibility, and let the spending cuts stay.