In Alan Quasha’s 2008 article which appeared in Forbes.com, the online financial magazine, he cautions that some critical action must be taken by the Federal Government to bring the budget under control, and address the severity of the “$54 Trillion Budget Bomb.”
Alan Quasha’s main point is to alert the federal government to the intimate interconnection between the finances of the country and that of American households. When the government realizes the importance of this connection it must then act responsibly to not act in any way that will negatively affect the net worth and the productivity of those households. All of the country’s finances depend on this simple, but crucial principle.
Alan Quasha argues that the 112 million households in America hold the key to both the U.S. and world economies, they are the engine running the global economic machine. Americans have proven that they handle their own finances responsibly. It is incumbent upon the federal government to view these households as partners and not as pawns when making financial decisions regarding tax, environmental, entitlement, education, energy and other crucial policies.
Thomas Jefferson said, "We might hope to see the finances of the Union as clear and intelligible as a merchant's books, so that every member of Congress and every man of any mind in the Union should be able to comprehend them, to investigate abuses and consequently to control them."
Alan Quasha urges the U.S. Federal government to keep this pledge and allow its citizens to participate in the process of recovery, growth, and development.
