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It Is Not Just The Republicans-It Is The Democrats Too

Updated on March 5, 2011

Our Government's Out Of Control Spending

In the past few days, I have written much about the Republicans in Congress and the special interest groups they seem so intent on supporting. I have made many points about representatives who are giving all the concessions in the budget to big business. It is not just the Republicans who have left America financially crippled, however. The Democrats have also voted to add more debt to our country's financial burden over and over again.

I do not want to trivialize the difficulty they face in making these enormously important decisions. After all, we are talking about the future of America and the U.S. is facing many, very serious problems. The way our problems have been dealt with in the past is to throw money at them. THIS MUST STOP. It has resulted in annual deficits adding trillions of dollars to America's debt. The financial consequences of these past decisions have been ignored. We do not have the luxury of ignoring them any longer.

In the past the U.S. was a tremendously industrious society. We produced goods and services which were sought worldwide. But, now, we have outsourced many jobs to countries where labor is cheaper. When jobs go overseas it reduces our tax base which further increases our annual deficits and ultimately the overall debt. It also places a greater burden on each tax payer to pay a higher percentage of the overall costs.

We cannot continue to act like spoiled children who must have everything they want. The definition of 'budget' should be to live within one's means. It has become something entirely different for our government leaders, however. They call it a budget because they can estimate the amount of money that will be collected in taxes and they have to find a way to 'budget' (collect) the rest of their spending either through borrowing or through printing more money.

In America, our workforce consists of approximately 124 million people. The population of the U.S. is approximately 310 million people. This means that about 40% of our population obtains income from employment. Of these 124 million people, roughly 6% of them are lawyers. If you look at the makeup of our congress, however, you will find about 45% of them are lawyers. The only point I am trying to make here is perhaps we need more economists in congress and fewer lawyers. We do not need more laws, we need more rational thinking from people who understand the economic consequences of their decisions. The constitution guarantees us taxation under representation. This means we get to vote for our representatives before they can levy taxes upon us. That places the responsibility back on us. Surely, we as voters can find people more qualified to manage the financial affairs of our government than lawyers.

There are many areas of the budget which we cannot afford as a nation. We cannot afford to continue our military operations in Iraq and Afghanistan. We cannot afford national health care. We cannot afford to continue to bail out the banking industry. We cannot afford to keep paying billions of dollars to try to influence the governments of the rest of the world. The U.S. now owes more money than any other nation on the planet. The estimated debt will be at 16 trillion dollars by the end of 2012. The average interest rate paid on this debt is about 4.6%. This means that by the end of 2012 we as a nation will be paying 736 billion dollars each year just in interest on the debt.

Americans, we must take more control over our elected officials. Call your congressmen, write them, email their staff. Tell them to stop wasting our taxes on foreign wars, on mandatory health insurance (which will end up costing each of us more as well), on bank bailouts and on trying to influence foreign governments. It is time for 'we the people' to take back our constitutional rights.


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    • CreatePerfection profile image

      CreatePerfection 7 years ago from Beautiful Colorado

      Hi Terry, your comment is very true. Thank you for this insightful summary. I have never understood the appeal of George W. Bush to anyone. He is not an intelligent man, was easily lead astray, I believe, by Dick Cheney and Carl Rove, and I was just saying today that Dick Cheney is the most dangerous person to ever rise to that high of a post in the U.S.

      Republican voters also seem to have a very short memory. The first term for George Bush was an atrocity, but the second term was just an insult. What he did, as I see it, more than anything else is he made the world much more dangerous than it had ever been before.

      Terry, thank you so much for this great comment.

    • Terry.Hirneisen profile image

      Terry.Hirneisen 7 years ago from Shenandoah Valley

      If you consider the presidents from Reagan forward, the party that has been fiscally responsible has been the Democrats. The party that cuts the revenue yet has started more wars and spent more money is the GOP. Clinton had a surplus which George W. quickly threw away in his Administration that started two wars, wasted billions by throwing money to private contractors such as Halliburton, and had one of the worst job creation records of any administration.

      Obama could not have the presidency he wanted because he was saddled with all the problems that Bush handed down to him.

      The GOP is not even a faint image of the Party of Lincoln and Teddy Roosevelt.

    • CreatePerfection profile image

      CreatePerfection 7 years ago from Beautiful Colorado

      Hi LRCB, thank you for your insightful comment. If the citizens of this country do not wake up and take action soon, as you say, "we risk the collapse of our dollar." Many of the world's powerful are already trying to make this so.

    • LRCBlogger profile image

      LRCBlogger 7 years ago

      definetely a vote up. You are correct that we have an army of lawyers running congress creating procedures and tactis to frankly 'spit on each other' rather than address real problems together. Barney Frank and Ron Paul are 2 of the few that put forth a plan to eliminate wasteful military spending. Since the pentagon budget is about 40% of our total spending, you would think more congressional members would be looking at this area.

      In any case, you are correct, both sides need to get it together and start making tough decisions now. We risk the collapse of our dollar if we fail to do so (the consequences of that would be devastating)

    • CreatePerfection profile image

      CreatePerfection 7 years ago from Beautiful Colorado

      Right on the mark again!

    • gregas profile image

      Greg Schweizer 7 years ago from Corona, California.

      Me again, That's not even counting the fact they continue to get paid after they still aren't doing anything for us once they're out of office. Greg

    • CreatePerfection profile image

      CreatePerfection 7 years ago from Beautiful Colorado

      Hi Greg, it really is time for a referendum from the American people madating a reduction in the pay and benefits of our congressmen. The rank and file congressman is paid a salary of $174,000.00 per year (majority and minority house/senate leaders are paid more). The median income for Americans is $46,326.00 per year. This is by no means a representative government.

    • gregas profile image

      Greg Schweizer 7 years ago from Corona, California.

      Hi CP, It's the political system in whole that is ruining this country. They are too busy blaming each other instead of finding a solution. It would make me think they are getting somewhere if they would say, just once, that they are going the pay and benefits for the politicians and start at the top instead of at the bottom. They keep taking money away from the poor people, the ones that actually spend money and let the rich that put their money into savings. Anyway, I'm babbling. Good hub. Greg


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