Academic journal article The Journal of Government Financial Management

Doing Our Part

Academic journal article The Journal of Government Financial Management

Doing Our Part

Article excerpt

It doesn't take more than a few minutes of flipping through the evening news channels or scanning the headlines of our nation's newspapers and financial magazines to be reminded of one indisputable fact - America is nearing critical condition. For years, much of the public considered our debt to be a lengthy string of numbers we would "one day" have to address - the average person didn't seem too concerned. Perhaps it's because the average person couldn't relate to a figure so large, or perhaps it's because, for many years, Americans were feeling the prosperity of the economic boom of the 80s, the dot com explosion of the 90s or the runaway real-estate market in the early 2000s. It took the near failure of America's banking system and a severe drop in property values for Americans to realize the true meaning of "overextended." They had only to look at their diminished personal investments to realize that as each of us go, so goes the nation. Now "debt crisis" and "deficit reduction" are no longer causal terms, but rather our grim reality and national responsibility.

I am proud to be a part of an organization committed to helping America handle the challenges we face. By arming our members, and other financial professionals, with relevant, useful information through our research reports and training sessions, we are doing our part to support and improve America's financial future. …

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