Cry for Argentina. What else is there to do after a rout like this? “The main Argentine stock market plunged more than 30% on Monday, marking the second-biggest one day slump anywhere since 1950,” the financial network CNBC reported this week. “Meanwhile, the peso closed 15% weaker at 53.5 per U.S. dollar. The currency had been trading at 45.25 on Friday.”
Thanks to the prick of the human conscience, it's hard to forget a debt. That small voice within is an internal reminder to do the right thing. Americans share a collective obligation in the form of the national debt, which has recently rocketed through the $22 trillion mark. As congressional officials strategize how to add to the $181,000 bill already owed in the name of each taxpayer, the many small voices must join together as one to declare it loud and clear: The era of irresponsible spending must be over.