"It should be the highest ambition of every American to extend his views beyond himself, and to bear in mind that his conduct will not only affect himself, his country, and his immediate posterity; but that its influence may be co-extensive with the world, and stamp political happiness or misery on ages yet unborn." -George Washington
Liberals tout their own generosity and their passion for human rights, but when it comes to heaping our debt on future generations, they don't seem the least bit concerned. From a moral perspective, a human rights perspective this is not only wrong, and unethical, it's criminal, the equivalent of theft! We can not continue to steal from the future to fiance the iresponsibility of the present. We can NOT allow dems to confiscate our property to redistribute it in exchange for votes with no regard for those in the future that will be saddled with the bill. The dems MUST do whats right, and just, and reform the unsustainable entitlement programs that have been the tools to keep them in power. Socialism always fails and we're witnessing that failure now.
Children who are yet to be born already have bad credit.
Right now unemployment is the big problem that requires attention. Much of the "debt problem" is from to decreased tax revenues due to the recession. Also big contributors are two unnecessary, costly, foolish wars, the Bush tax cuts and his unfunded, "gift to Big Pharma" Medicare drug program. I completely agree that once unemployment is down to a more tolerable level that dealing with the deficit/debt issue is very important. Cutting expenditures now would would be a big mistake. Our difference is over the timing, not the importance to balance revenues and expenditures.
Well no Ralph, as usual you are WRONG. True we are taking in 15% less in tax revenue then we did in 2007, but we're spending 26% more!!
http://www.taxpolicycenter.org/taxfacts … ?Docid=200
The wars while expensive ate not the biggest cost drivers in the budget with all military operations amounting to 120 billion a year, small potatoes in a 4 trillion dollar budget. Whether or not they're foolish wars is a matter of opinion best reserved to study by historians looking back in time. Gee since when do you libs object to giving out free stuff? I'm pretty sure dems voted for Bush's pharma deal, and lets not forget Obamacare and that huge give away!
No, our debt problem is a direct result of increased spending mainly MANDATORY spending dictated by our entitlement programs which are 2/3 of the budget and growing automatically by law every year, and by new entitlement spending by Obama.
It is not just the Dems, many Republicans have done the same thing.
The problem is with those in power trying to hold on to it by giving away our grandchildren s wealth so they can buy votes today.
Divided, we remain in the status quo. Only once we can find mutual agreements can change take place.
Who supports burying future generations in debt so you can have freebies today? I dare you to admit it!
True, both parties brought us to this point, but which party is resisting to do what must be done NOW?
The Congress together does not have the intestinal fortitude to do the right thing. It is the entire Federal government. It is politicians in general.
We need to elect people who have the Countries interest first and not just their own career.
Americans have traditionally followed the Fed's example of spending. They erroneously believe that if the gov't. is doing it, it's okay and safe. Until we are able to clean up our own debt problems as individuals and families, and elect representatives in gov't who have done the same, the debt problems of the gov't. will continue. Likewise, until we are able to build small businesses on solid financial principles, providing more jobs at a local level, I don't believe that we will see a lot of real job increase. It starts with the individual, inspires others to do the same, and then eventually makes real change in gov't.
by James Smith 5 years ago
http://online.wsj.com/article/SB1000142 … 63786.htmlI heard a good argument against the raising the debt ceiling a few years back. This senator argued leadership means that ''the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children...
by Jason Menayan 8 years ago
Who's to blame?
by Eugene Hardy 6 years ago
14 Trillion Dollars.That is a lot of debt.If we were a house hold with a $15,000.00 debt that the house must pay, or face bankruptcy, then the house and all it’s members must work to together to do it.It will take more than 20 years probably to pay it off, meaning multiple administrations and...
by Peter D. 4 years ago
I am just curious what most people will answer with, but I think I know what the answer is going to be....
by Cagsil 8 years ago
Hey Hubbers,Have another article worth reading.http://www.cnbc.com/id/37994720
by qwark 7 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now, consider 1000 times a billion: a trillion... and try to visualize our national...
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