Thursday, October 22, 2009

Who's To Blame?

Every American should be concerned about our nation’s rising levels of spending. Not only does heightened spending cause debt, it endangers this country. Our national spending puts us under the thumb of our lenders, mainly the People’s Republic of China. We can suffice our energy needs if necessary, but we can’t sustain ourselves without those who lend to us. Our way of life, our quality of living, our very existence as a nation would be threatened if money was no longer lent to us.

At this point in time, the last thing that we need is for our credit rating to be lowered because that could be the last straw for China, and the beginning of major problems for us. If we can’t fund government, we don’t have dozens of basic, but non-essential services. It is scary that other countries, other governments practically own our nation.

It’s tough to explain, much less comprehend what lead us to this point of high spending. A point where one billion dollars ($1,000,000,000) funds less than an hour of government operation. Some individuals point at President George W. Bush, some point to Democrats in Congress, still others believe that a combination of both is at fault, I’ll explore both and you can decide for yourself.

Many look towards the War on Terror and President George W. Bush as the cause for America’s debt, are they right? Well the short answer is not really. The Bush administration itself contributed, with its own pen around 450 billion dollars(sans stimulus, which really that decision was made by President Obama), the rest was added by Congressional authorities as earmarks etc.

Congressional Democrats may be at fault. Since the last election Congressional spending has increased dramatically, the debt has been doubled and will soon be tripled. The legislature is entrusted with the power of the purse, but this Congress rarely pulls the purse strings shut, it seems. Whether it’s the stimulus packages to funding ACORN Congress has spent it.

Some Americans believe that a combination of Congress and President Bush are at fault for our sky-high national debt. This theory might hold water, but it is really tough to make a call on this one. Perhaps it would make sense in the fact that earmarks are added to every bill, but just because a President signed the bill doesn’t really make it their fault, because President Bush may not have had much to do with a Congressional Democrat sponsoring an amendment, President Obama, however, has significant leverage in this matter.

People can blame the debt on anyone-they might not be right, but they can still issue blame. At this point all that matters is that we get the spending to stop. We can not allow our national security to be put at risk because of this debt.

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