Monday, January 24, 2011

America lets get serious about our Debt

When are we going to realize that we are in serious need of tough fiscal decisions. Their is no more time for political pandering to be played by either side anymore. When you listen to Democrats and Republicans speak about cutting our national debt or deficit you hear about cuts in education, health care, and investment in infrastructure. You will never hear about cuts in military spending, Medicare or Social Security which account for the vast majority of our annual deficit. We also pay $170 billion a year for the two wars in Iraq and Afghanistan and that's not including the $667 billion a year we already spend on our military alone. Oh yea we also have to pay a little bit of interest on our $14 Trillion dollars in debt. Is your head spinning yet ?

If a good majority of the European nations are on the brink of financial collapse what makes us different? We are $14 trillion in debt, are economy is growing at a slower pace and Americans are living longer which is putting strains on Health Care and Social Security. What am I missing, why do we think we are different? I think we need more up front and honest politicians like Governer Chris Christie from New Jersey. You might not agree with what he has to say but at least it's an open honest debate of the facts.

Cnn - Running the country on 8 cents a day by 2020

1 comment:

  1. Afternoon James, In my view of things I see many people as procrastinators, we really seem to wait until the very last minute when things are already hurting before changes are made, Government debt included. I think we are well past the time where these issues can be kicked down the road we need across the board cuts in every department with the elimination of some outright. It disgusts me to no extent that we even have a debt in the first place, an honest business can't run like that and neither should the Government. As for the troops I would like to see them home as well and used strictly for defense like they are supposed to be and our 100+ overseas bases, close them, Other countries need to learn to stand on their own two feet. Lots to do, lots to do.

    Scott R