Don Brunell - It’s time to quit kicking the can down the road

Two years ago in a speech to U.S. House Democrats, Microsoft CEO Steve Ballmer predicted that America was headed for “a fundamental economic reset.” According to Ballmer, for 25 years our economy grew on unrealistically cheap debt. That is over.

Since Ballmer’s remarks, our national debt has continued to grow and now surpasses $14 trillion, President Obama and Congress are struggling with massive federal budget deficits, state and local governments are drowning in red ink, and protesters are massing at state capitols demonstrating against wage and benefit cuts.

Elected officials have no choice...