I was asked by several people, friends and family alike, to reduce the number of economic and political posts on my Blog because they just weren’t fun. And, I’ve done that. I’ve tried to shy away from those topics. However, it’s extremely important that we don’t forget how our choices, or lack of them, will affect us as we age and drastically affect the prosperity and happiness of our children. This Newsweek article honestly and truthfully discusses the dangerous state of our nation’s economy, and it places a call-to-action on the current administration to be honest and open about this situation to the public. If you want to pretend that things aren’t going to get worse and that the prosperity of the past will soon return, then you are setting yourself and your family up for a very uncomfortable and perhaps dangerously rude awakening. To quote President Obama, “We have lived through an era where too often short-term gains were prized over long-term prosperity; where we failed to look beyond the next payment, the next quarter, or the next election … All the while, critical debates and difficult decisions were put off for some other time or some other day. Well, that day of reckoning has arrived, and the time to take charge of our future is here.” But, as the Newsweek article states, politicians don’t want to ask voters for sacrifices in order to correct economic troubles. It’s political suicide to ask voters to accept tax increases or cuts to public aid. So, politicians hide the truth. Obama talks a good game, but he’s failing to act. He’s failing to speak the truth and time is very quickly running out. We only have a few years left before the choices disappear and we are left with nothing but grief and a very large bill with “balance due” printed across the top. The article discusses how the government is working to postpone the inevitable. But, reminds us that there is no free lunch. Here’s a quote from the Newsweek article: “But what happens when the time really does come? When the debt is piled too high, when the economy threatens to sink under the weight of accumulated obligations that have been put off too long? There are more than a few signs that those times are not so far away for the federal government, and that in some big (and big-spending) states, the day of reckoning is now.”