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Olson: Don’t give up on a better tomorrow

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Sycamore resident Bart Woodstrup stands with India's first lady, Suvra Mukherjee, in a screening room at India's presidential palace in New Delhi, India. Woodstrup presented a multimedia presentation he created called "Under Saraswati River" to the first lady and others during a trip to India in December. (Submitted photo)

Anyone who knows me can tell you that I’m not afraid to have a different opinion than everyone else in the room.

I found myself the outlier again Thursday in the auditorium at the DeKalb County Farm Bureau’s Center for Agriculture.

We were listening to William Strauss, the senior economist and economic advisor with the Chicago Federal Reserve Bank, deliver the keynote speech at the DeKalb County Economic Development Corp.’s Economic Outlook Luncheon.

Strauss spoke eloquently about financial and economic matters. He outlined in simple terms why economists think the rebound from the Great Recession will continue to be moribund – essentially, the markets still are out of balance, credit still is tight and businesses aren’t expanding.

Near the end of his speech, Strauss segued into a look at the federal government’s burgeoning debt, the upcoming debt ceiling fight and as the financial morass into which the state of Illinois has fallen.

If the bill came due tomorrow, every American would owe about $53,000 to settle the federal government’s tab. Tack on about $10,000 more from every Illinoisan to settle our state’s obligations.

During his speech, Strauss asked a simple question: “How many of you think the next generation’s standard of living will be better than the one before?”

This was an auditorium room full of educators, politicians, professionals and business owners.

I was the only person to raise a hand. I was tempted to put two up, if only so I wouldn’t be alone – and because I believe it.

I get that everybody’s a little bummed out because nobody’s devised a magic bullet solution to kick our economy into high gear and solve our state and federal budget problems.

I understand many people have lost jobs and homes in the past several years.

But if we as a group, as Americans, Illinoisans and DeKalb County residents, cease to believe that life can continue to get better, it could become a self-fulfilling prophecy.

Historically, at the local, state and national level, our ancestors have worked within our system to make things better for themselves and the next generation.

Sure, there are serious issues we must confront today, but that has always been true. The years since 9/11 haven’t been a picnic, but they’ve still been better than the Civil War, the Great Depression or World War II, just to name the easy ones.

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