Last night the Congress finally agreed upon a budget cut of about $38 billion. This was after nearly bring government services to the brink of closure. So, what have they accomplished for all their bitter rhetoric and political posturing? A measly budget cut that amounts to only a fraction of the annual deficit. This is onloy a small drop in a very large bucket. When will our representatives begin to address the real problem - a massive and growing national DEBT?
Consider how insignificant a cut of $38 billion really is when compared with a deficit that adds about $1,300 billion to the debt each year? The cut amounts to a mere 2.9% while the debt continues to increase by an average of more than 9% over the past 35 years. Our nations entire Gross National Product (GDP) has only grown by an average of less that 4%. The national debt curently amounts to about 97% of GDP. That means that the national debt is increasing more than twice as fast as our countries ability to produce.
"We the People" have allowed our representative in washington to dazzle us with smoke and mirrors, pump themselves up with political rhetoric, act against the public interest, and borrow money to spend as if therer were no tomorrow. The system has run amok. Does anyone in Washington get the picture? For God's sake, the United States is on the brink of bankruptcy. Does anyone inWashington have the courage to stand up and say, "For the sake of our children and future generations, the madness must stop."?
So very true. Good article, Alan.
ReplyDeleteHere we go again. I just heard on the news that Congress must now consider "raising the debt ceiling" sometime in the next month or two. I expect another round of newsworthy shennigans followed by caving in to raise the bar. Everyone will pat themselves on the back and feel good about giving it a good fight while "We the people" are left holding the bag.
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