My wife and I bought a house and a car this year. On top of that, we have several other bills in monthly installments. I want to buy more “stuff,” but she has put her foot down. As much as I think we could swing one more monthly bill, she is adamant. I quote, “It would be irresponsible, James.” So someone explain the government’s spending to me? But even worse, explain both parties’ reactions to it.
When Bush was president, I remember hearing a few brave conservative pundits point out the Republicans were spending like “drunken democrats.” Most, however, towed the party line. We were fed the idea that a nation’s debt, unlike personal debt, was healthy. We needed to rack it up, because it meant money was being spent. It was crazy, and I didn’t like the idea. Meanwhile, the Democrats pushed themselves in ads as the party that would bring government spending in tow.
But now, things have changed. The Democrats are in charge. Our budget deficit has gotten absurd, and some have claimed that Obama has created more deficit in his (almost) two years than Bush made in eight. Obamacare, a disaster in the making if ever there was one, alone will increase the debt unbelievably. Suddenly, the Republicans are concerned about the debt. They now claim that it is one of the largest threats to our republic. Meanwhile, the Democrats have somehow managed to resuscitate the old Republican mantra that debt is actually a good thing! The hypocrisy of BOTH parties in this issue is embarrassing.
So with all of that being said, where does this leave the debate? Look at common sense. No household could continue piling on debt. Sooner or later, the people who were owed money would come and collect. A person might lose his house and car over debt. Depending on just how serious of an issue we are discussing, someone might even be sent to jail. So how about America? Just like if it was you or I, sooner or later, the government is going to have to pay up. Who do we owe this insane debt too? The Chinese own a great deal of our nation’s debt. Do you really believe they will continue footing us the bill? Yes, we may be a group who buys much from China, but there are other countries they can trade with. We need them much more than they need us. They are already willing to aid countries like North Korea and Iran.
What can we do? Election day is a little less than a month away. Look for candidates who speak about the debt. Make sure the candidate is willing to balance the budget, and hopefully has the guts to tell us the truth about where hard cuts need to come from. It was less than 20 years ago that America elected a Congress that balanced the budget. It’s time to try again, because this is not an issue we can ignore.