President Obama: There Is No Debt Crisis

[Igel]

24. He's right.

There's no debt crisis.

So the logical thing to do is to wait until there's a debt crisis.

Heck, we don't have a budget crisis yet. No use pondering it.

We don't even have a jobs crisis. Or unemployment crisis.

Given the lack of crises, we're sitting pretty. We can all just kick back.

Okay, some people have a bit of a budget crisis. They've watched their savings and benefits run out--not a crisis until they hit $0. You have another week's income or food money, not an immediate crisis. You have a week, nothing do worry about until you're broke. *Then* you start to think you have a problem. That's how it works, right?

The Titanic? Not an immediate crisis as they zeroed in on the iceberg. The sound of impact signaled the advent of crisis, and boy, was it immediate. *Then* (and only then) was it time to think about some sort of solution.

Let's not worry about something 10 years' off. It may be a Herculean task to fix the crisis when it's immediate, but surely somebody will be around to not let the crisis go to waste.