I just sent the following letter to my representative:
I am deeply concerned about our nation's debt.
Looking at the national debt clock, it appears that the source of our problems is the unfunded liabilities.
The debt ceiling debate is about the amount of money that we are currently borrowing. Our nation is forced to automatically up the debt ceiling as the unfunded liabilities come due.
It seems to me that, to control the debt, we must begin by placing a cap on the unfunded liabilities.
We would do more to get our financial house in order if we used the 2011 budget battle to place a hard cap on unfunded liabilities opposed to spending all of our political capital on a one time decrease in the debt ceiling.
I propose that the Senate replace the debt ceiling with a dual program that included an aggressive cap on unfunded liabilities with a modest increase in the debt ceiling.