Interesting and emotional topic for sure. For what I am replying with (facts), my political affiliation doesn't matter.
The situation our country faces is dire. The long and the short of this is that debt is accrued over time and doesn't magically appear one day. I am
not asserting that this was implied, I am just clarifying.
Two wars certainly don't help, nor does the entitlement attitude that is prevalent today (EBT cards, section 8 housing, cell phones for the poor, a
playstation in every pot, etc.).
Both sides will assert their position with some specific examples, aptly ignoring the bigger picture. And in the end, both sides will lose. We all
will lose. That's not because the republican, or democratic candidates for president are bad or that their parties are irresponsible, it's because
our political system in my opinion is flawed. There has been absolutely no support for our president the last three years (after he forced his agenda
on the medical system revamp when the democrats were in control). So in effect, we have a stale mate.
Whomever becomes president, nothing will change as lobbies will control what laws become enacted and our flawed political system will make sure we
will have more of the same. The supreme court recently voted that foreign money can be used to lobby. Think about that for awhile.
So the data below may be a slight improvement to the deficit from where we started, and more importantly showing that it it was not all created by one
party (there's plenty of blame to go around) and certainly not by the current president.
How do we fix this? we need to hold both parties accountable for a balanced budget. And maybe that means the 1% pay their share of the taxes and
maybe it means that just because someone is born poor doesn't mean that they are entitled to the new Air Jordans, or a cell phone, or a guaranteed
income for their life, their children's life and their children's life, ad nauseam. Maybe it means that we, as Americans become who we were earlier
in our history. The land of opportunity, the land where if, just if you work hard and help your neighbor, you can be something. Where we didn't
depend on the government to survive, where people felt a responsibility to do that for themselves.
My point is that all Americans (rich (greed) and poor (entitlement)), share the responsibility to make this country a success and more importantly to
set an example to a very unstable world.
Some where along the way we lost that.
P.S. I am very disappointed to see the personal attacks on this thread. If you disagree with someone's opinion, reply back with one of your own and
the data to support it.
Here's a link to the article I used to support my points above.
Here's the bar chart
"Federal spending is lower now than it was when President Obama took office. I’ll pause to let you absorb the news.
In January 2009, before President Obama had even taken the oath of office, annual spending was set to total 24.9 percent of gross domestic product.
Total spending this year, fiscal year 2012, is expected to top out at 23.4 percent of GDP.
Here’s another interesting fact. Taxes today are lower than they were on inauguration day 2009. Back in January 2009, the CBO projected that total
federal tax revenue that year would amount to 16.5 percent of GDP. This year? 15.8 percent.
One last nugget. The deficit this year is going to be lower than what it was on the day President Obama took office. Back then, the CBO said the 2009
deficit would be 8.3 percent of GDP. This year’s deficit is expected to come in at 7.6 percent.
The fact is that Obama inherited a disaster of a federal budget. Eight years prior, when President George W. Bush took the oath of office, there was a
$281 billion surplus. By the time Obama was sworn in, he was facing a $1.2 trillion deficit. Inconvenient though it may be for conservatives
(especially those who are running for president), the truth is that spending, taxes and the deficit are all lower today than when President Obama took