It’s about that time again, when we need to raise the debt ceiling. Moody’s credit ratings services has stated that they will be cutting our rating if a debt deal is not reached. Obviously, one will be agreed upon eventually. Money seems to grow on trees for our Government so whats another trillion dollars to spend? Nobody wants to stand up to really cut any spending here in America as it could put their political career in jeopardy. To save face our politicians think of ways to pinch the dollars out of us without saying its a tax. They are no ashamed to propose taxing the 1% because they know the other 99% will be ok with that and their job is safe down the road. It’s a shame really no one has stepped up (except Ron Paul) who has the confidence and brass to make the tough decisions about spending cuts.
In 2011, our “big cuts” were so small it was pathetic. In perspective, if a family was in 142,710 in debt the equivalent spend cut was $385 dollars! What a joke and honestly the proposal of cutting so little should be embarrassing. Who could review a proposal like this with so little cut per year and not laugh them out of the room. You would never pay your debt off at that rate so how can we expect to do that with our national deficit if we are making similar cuts? We can’t and they won’t. Obama won’t do it nor will Mitt Romney do it. We need someone who is serious and just cuts a good 20% or more out of the ridiculous programs and tasks the Government shouldn’t even be involved in.
During the last negotiations of raising the debt ceiling our congress agreed upon cutting 38.5 billion dollars (pathetic). In the 8 days they talked about what they were going to do, our national debt went up 54 billion dollars. Lets get serious now and get this under control. It’s beyond me how we even have a AAA rating by Moody’s Credit Ratings and perhaps they are just as wrong as everyone else laying in bed together.
Finally, one last food for thought, our “government stated” national debt is over 16 trillion dollars now and that means each citizens share of debt is over 51,000 dollars (313 million people). OR IS IT…? Now if you add in all the federal governments obligations (which we all know are nearly bankrupt) like Medicare, Social Security, Treasury Securitys, and Bonds the national debt is actually over 79 TRILLION DOLLARS. That is a real number and a number you’ll never hear about from these crooks spenders in office. With that in mind, every new baby born in this “rich” nation is given a burden of $253,000.
I know it’s hard to hear and the public would probably go crazy if that was broadcasted on TV – but the numbers are the numbers.
