CAP en Español
Small CAP Banner

Listen Up Washington, We’ve Been There

    PRINT:
  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

With each passing day our nation moves closer to having too little money in the treasury to pay our bills. Economists and business leaders warn of the impending irreparable damage to the dollar, to credit markets, household finances and the good faith and credit of the world’s largest economy, but there is seemingly little awareness that much of the damage has already been done. Around the world, the nation seen only a few years ago as possessing remarkable capabilities relative to those of all other nations is now viewed as a dysfunctional society.

What went wrong?

I think the best answer is that reasonable people can have two very different interpretations of the "message" sent by the voters in the 2010 congressional elections.

One is that the American people have had it with big government, Washington is out of touch and citizens want to keep more of their tax dollars in their own wallets even if that means massive cuts in federal programs. In the last elections, the Republican Party certainly campaigned on that platform. No one should be surprised that they are pushing it as far as they can.

Read more here.

This article was originally published in CNN.

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or apreiss@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi (immigration, race and ethnicity)
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org