Give this man his old job back, please, Mr. ObamaThe founding fathers were so concerned with the debt incurred from the Revolutionary War that they acted to pay it down. By 1830, we were debt free. That was the only time in American history that it happened.
Our current debt stands at 11 something trillion. If you included off the books, yet to be funded projects, that number balloons to 50 trillion dollars. Imagine having a credit card debt that's is approximately 20 times your annual salary. Crazy.
Spending became out of control in the 80s. The financial crisis of today came from the habits we developed in the 80s under the joke that is Reaganomics: the nonsensical combination of supply side economics and trickle down economic theory. We shifted from a heavy manufacturing based economy to an economy based in financial services; meaning, instead of producing goods that are worth something tangible, we've shifted to producing goods that are only worth something on paper. Crazy.
9/11. Afghanistan. Iraq. To calm the public from our worries abroad, Bush encouraged us to go shopping. In the midst of this increased spending, Bush enacted 3 major tax cuts . The feds cut interest rates God knows how many times to make credit easily accessible. Presented with these conditions, it is easy for a consumer society to be tempted by the basic human trait of greed. Instead of asking the public to take its part in financing its debt, we started to shift that abroad, much of it to China. Crazy.
Our leaders don't have the guts to ask the American people to sacrifice now to secure our future. They're more concerned about holding on to their positions by playing to the desires of a consumer society. My father taught me fiscal responsibility. I don't have credit card debts. I took on student loans that I am paying off. My next vehicle and house will be reasonably within my financial means to pay off as I meet my other day to day financial obligations. Other than major life investments, I avoid buying things I cannot afford at that given moment.
Borrow and spend is an idiotic idea and the leaders that embraced this idea obviously didn't have a dad that taught them the same basics of financial responsibility that my father did. That, or the lesson just didn't stick for them. Either or, these leaders should not be our leaders. We all hate taxes, but it disciplines us, our leaders, and our government to practice fiscal responsibility. Paying taxes is patriotic. Sacrificing now to secure our future is patriotic. I am patriotic. You should be too.
Our current debt stands at 11 something trillion. If you included off the books, yet to be funded projects, that number balloons to 50 trillion dollars. Imagine having a credit card debt that's is approximately 20 times your annual salary. Crazy.
Spending became out of control in the 80s. The financial crisis of today came from the habits we developed in the 80s under the joke that is Reaganomics: the nonsensical combination of supply side economics and trickle down economic theory. We shifted from a heavy manufacturing based economy to an economy based in financial services; meaning, instead of producing goods that are worth something tangible, we've shifted to producing goods that are only worth something on paper. Crazy.
9/11. Afghanistan. Iraq. To calm the public from our worries abroad, Bush encouraged us to go shopping. In the midst of this increased spending, Bush enacted 3 major tax cuts . The feds cut interest rates God knows how many times to make credit easily accessible. Presented with these conditions, it is easy for a consumer society to be tempted by the basic human trait of greed. Instead of asking the public to take its part in financing its debt, we started to shift that abroad, much of it to China. Crazy.
Our leaders don't have the guts to ask the American people to sacrifice now to secure our future. They're more concerned about holding on to their positions by playing to the desires of a consumer society. My father taught me fiscal responsibility. I don't have credit card debts. I took on student loans that I am paying off. My next vehicle and house will be reasonably within my financial means to pay off as I meet my other day to day financial obligations. Other than major life investments, I avoid buying things I cannot afford at that given moment.
Borrow and spend is an idiotic idea and the leaders that embraced this idea obviously didn't have a dad that taught them the same basics of financial responsibility that my father did. That, or the lesson just didn't stick for them. Either or, these leaders should not be our leaders. We all hate taxes, but it disciplines us, our leaders, and our government to practice fiscal responsibility. Paying taxes is patriotic. Sacrificing now to secure our future is patriotic. I am patriotic. You should be too.
