Hi Scott,

The title industry has done well. I won't argue that.

But it will be impossible to have sustained, healthy growth in the economy at large with budget defecits anywhere near current levels. Over the long term, budget deficits rob each of us of our share of wealth created by the nation's output. It's like an invisible tax, and we'll be paying it for years to come if action is not taken very soon.

The idea of the government spending so much more than it takes in is really no different conceptually than you or I spending more than our income in our households. Initally, our spending can create the appearance of prosperity, with the new cars and new houses we've bought on credit. But in the long run, our debt will prevent us from buying a new car or house 5 or 10 years down the road, as we fall further and further behind on our debt payments.

I am far less interested in a short term "recovery" in the economy than I am in the long-term fiscal health of the country. I want a government that's willing to make the tough but correct decisions now that will give us the best shot at growth and prosperity over the next 10 or 20 years and beyond. This politically motivated spending spree and tax giveaway that the government has perpetuated in order that they can look good for the next election is no good for the country over the long term. It won't be good for the title industry long-term either.

--Slade


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