Talk About Debt

By: Curtis Roe, Director of Finance, Purcell Murray Company, croe@purcellmurray.com

TALK ABOUT DEBT
By: Curtis Roe, Director of Finance, Purcell Murray Company, croe@purcellmurray.com
Sometimes I hear stories on the news and it gets me thinking. I wonder of other people are thinking what I am thinking. Here we are in this day where many of the issues of the day are first associated with the person who endorses them. It’s like the person is the primary issue and the issue of discussion is secondary. To make matters worse, some people are calling other people names. It’s like being back in elementary school. So now we have issues that seem so over shadowed by their creators that I sometimes feel we have lost sight of the actual issues. Then because of the disrespectful way some people speak, others refuse to even acknowledge the issue let alone discuss it or try to resolve it.
When I was young, my dad had a nice golfing friend named Joe Panetta. Joe’s brother is Leon Panetta. I have always been kind of star struck by this. It was nice to be near someone who held a position in Congress. I was even more impressed when he went on to be the White House Chief of Staff, Director of the CIA, and Secretary of Defense. I have never met him, but I have been very impressed by him.
I recently went with my family to Monterey for a couple of days. I found a local paper that had an interview with Leon Panetta. I was anxious to read it and to my surprise, he made mention of need for our political leaders to figure out a way to better communicate and negotiate. He even mentioned the unusualness that our national debt is not more of a topic in the news. In 2008 the national debt was $9.2 trillion. At the end of 2018 it was $21.97 trillion (Wikipedia.org).
If my household had an issue with growing debt and we didn’t talk about it and instead got caught up in name calling, what would happen? Dirty dishes in the kitchen matter. They should not take a higher priority over the family budget. Yet today, we hardly hear a word about it when it comes to our government.