Are we better off? EconoMeter panel knows
Obama says yes, Romney says no
Roger Showley, U-T SAN DIEGO
Friday, September 7, 2012
Kelly Cunningham, National University System
Although the financial free fall and job losses four years ago bottomed and some growth has occurred, we are not better off now because so much more debt has been piled on with no foreseeable solution to contain or solve continuing massive deficit spending. On top of this, federal entitlements and unfunded liabilities continue to grow exponentially while any discussion of reform is dismissed and not resolved. This inevitably leads to the rapidly approaching “real” fiscal cliff stretching beyond just 2012. The burden and uncertainty of not resolving the crisis looms over every individual American’s financial security and solvency.