After multiple bailouts of the auto, banking, insurance, and mortgage industries, the Stimulus Package, and now the assimilation of health care, we are in so much debt, I don’t think we will ever be in the black again. This $938 billion debacle signed by the socialist now occupying the White House may push us off the cliff we have been teetering on.
A trillion here, a trillion there, pretty soon we are talking about real money. We have to stop bleeding money. We need to elect candidates that will enact a law requiring a balanced budget. In an era of limited and diminishing resources, the Federal government needs to be put on a diet. There are priorities that each of us need. The founding fathers did a pretty good job enumerating them in the Constitution. The past Republican administration overspent and that makes me mad. This socialist administration is spending like they own the printing press. They don’t, we do, and until they feel the flex of the American electorate, they will continue to bleed us for every cent they can get.
I truly hope the fervor over this latest spending spree holds over till November. These elected officials are spending our money like drunken sailors and Obama is paying off congressmen like Stupak with our tax money. Did you see that Stupak’s district got almost $1 million in airport grants two days before the vote? Maybe the useless executive order on abortion was not the determining factor in his yes vote. I think it would be good to see what these “servants of the people” have gotten us into.
I am a George W. Bush fan, but he was no fiscal conservative. When he entered office in 2001, the Federal deficit was $5.7 trillion. When he left office in 2010, that number had grown to $10.7 trillion. That is an 88% increase in our debt in eight years. I guess the only thing that kind of lessens the impact of the increase is the use of the majority of the money for post-9/11 security measures. Of course, there were those two wars where we are still spending incredible amounts of money.
Since our current socialist president has taken office, he has put the checkbook to extreme use. We may have an ink shortage soon. Our estimated deficit at the end of this year is $14.5 trillion. How about that, 26% in two years! That’s not the bad news. In 2012, when our socialist president will be thrown out of office, he will leave us with a total debt of $17.4 trillion. That is a 63% increase in debt in only 4 years.
I would now like to thank each of those uninformed 65 million people that voted for “change” for the personal debt of $58.000 for each man, woman, and child in this Country, most of which is owed to the Chinese. This spending has to stop. Support and vote for candidates that will hold the line on spending and this redistribution of wealth.
The electorate did ‘flex’ and the majority voted for Obama, knowing what his policies were and simply holding a different opinion to yours; which clearly dreams that the same corporatism that runs America would ever offer decent healthcare. It never has and never will.
It’s the political system that’s diseased generally, not the fact that empty-heads like Bush and cunning thieves like Cheney aren’t in there.
It is amazing to me that you missed the main point of the article, but I guess thats what liberals do when you stick your head in the sand. The point is debt, crushing debt, worthless money, outrageous spending. Stop looking in the past at Bush and see what is going on now.
scr2695, I didn’t miss anything; there was nothing substantial to miss, just a lot of questionable number games. The issue echoes the past more than you know: Churchill in 1945 claimed that Britain “couldn’t afford” a health service and the claim was reiterated for a further 20 years until the facts destroyed it.
The fact of the matter is that there is more money in America than grains of rice. A lot of it is ‘everyman’s’ small investments and it is either stashed away making offshore money for people who contribute nothing to the economy or it is squandered on anti-social policy. Thinking socially, as a group is something that evaporated in American society and talk of ‘self-organization’ is a pure myth drummed up by libertarian fools.
I’m not a liberal and I’m not looking back at Bush specifically, but at the whole neo-liberal economic policy of the last 30 years.
OK, maybe you don’t trust my “questionable numbers”. How about the Congressional Budget Office?
http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/
Come on man. It’s a list of ‘estimates’ and ‘projections’ by people who fail to project what the economy actually does from year to year. I will agree that the spending that needs to take place will add to the overall deficit, it would be science fiction for me to claim otherwise; but the underlying issue is that the whole reticence is based on worrying about now rather than the future.
Some people will never be satisfied with social spending, but then it never gets done and sometimes it is necessary. If a fairer tax on the people who are squandering everyone’s bailout money (which is providing them with new profit – enough to pay bonuses again)was instituted, perhaps social spending wouldn’t dig such a financial hole.
Sorry for the length.
OK, so your first comment was that the political system is at fault, then the questionable numbers and neo-liberal economic policy, and now the Congressional Budget Office doesn’t really know what they are doing. Keep sticking your head in the sand and ignoring the fact that we spend too much money. Democrats, Republicans, Independents, Socialists (like you, I looked up your e-mail address) and everyone else. We are a center right Country, not left.
catchy little title, LOL