Why We Must Fix Our Debt Problem

Jump to Last Post 1-4 of 4 discussions (12 posts)
  1. lady_love158 profile image55
    lady_love158posted 7 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 image59
      Repairguy47posted 7 years agoin reply to this

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

    2. Ralph Deeds profile image66
      Ralph Deedsposted 7 years agoin 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 image55
        lady_love158posted 7 years agoin 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 image82
    thooghunposted 7 years ago


    1. Sourpuss profile image53
      Sourpussposted 7 years agoin reply to this


  3. Reality Bytes profile image85
    Reality Bytesposted 7 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 image55
      lady_love158posted 7 years agoin 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 image85
        Reality Bytesposted 7 years agoin 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 image55
          lady_love158posted 7 years agoin 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 7 years agoin reply to this

            "The Corporate Lobbyists Behind the Tea Parties".

  4. Daniel Carter profile image75
    Daniel Carterposted 7 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.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)