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Why We Must Fix Our Debt Problem

  1. lady_love158 profile image59
    lady_love158posted 6 years ago

    "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.

    1. Repairguy47 profile image60
      Repairguy47posted 6 years ago in reply to this

      Children who are yet to be born already have bad credit.

    2. Ralph Deeds profile image70
      Ralph Deedsposted 6 years ago in reply to this

      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.

      1. lady_love158 profile image59
        lady_love158posted 6 years ago in reply to this

        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.

  2. thooghun profile image84
    thooghunposted 6 years ago


    1. Sourpuss profile image58
      Sourpussposted 6 years ago in reply to this


  3. Reality Bytes profile image90
    Reality Bytesposted 6 years ago

    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!

    1. lady_love158 profile image59
      lady_love158posted 6 years ago in reply to this

      True, both parties brought us to this point, but which party is resisting to do what must be done NOW?

      1. Reality Bytes profile image90
        Reality Bytesposted 6 years ago in reply to this

        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.

        1. lady_love158 profile image59
          lady_love158posted 6 years ago in reply to this

          We will! Its happening now! This is America's second revolution and it's being led by the tea party!

          1. knolyourself profile image60
            knolyourselfposted 6 years ago in reply to this

            "The Corporate Lobbyists Behind the Tea Parties".

  4. Daniel Carter profile image89
    Daniel Carterposted 6 years ago

    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.