During the meeting the President had today with 20 leaders of big business concern about the debt was mentioned by the executives . The well founded fear they have is that our debt is unsustainable and they are worried about how it will be handled and how it will affect our future. In addition to the previously bad relationship between the President and business, fear of the debt bomb , is probably the number one problem inhibiting investment, hiring and growth.
I really hope the president and congress get the message loud and clear because even if business and government become best buddies, not much growth will result without a real and serious plan to reduce deficit spending.If we do not, the credit markets will force a very painful change that will be bad for everyone.
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