The AP Recognizes that the National Debt is Unsustainable

By Caomhin

Many of us have argued that the National Debt is completely unsustainable, undermining everything in this nation from national security to the strength of the dollar to the very core of our economic system.  Government expenditures are so far out of control that we risk our very future with every spending bill that is crafted and Congress has thus far shown no ability to grasp reality or accept responsibility for it’s actions.  Now, even the AP is noticing this and sounding some alarms:

WASHINGTON (AP) – It’s bad enough that Greece’s debt problems have rattled global financial markets. In the world’s largest economic and military power, there’s a far more serious debt dilemma.

For the U.S., the crushing weight of its debt threatens to overwhelm everything the federal government does, even in the short-term, best-case financial scenario—a full recovery and a return to prerecession employment levels.

The government already has made so many promises to so many expanding “mandatory” programs. Just keeping these commitments, without major changes in taxing and spending, will lead to deficits that cannot be sustained.

It is a short article and worth the read.  However, I have a bad feeling that is the start of the media’s push to attempt to cover Obama’s flank to raise taxes.  The more you pay attention to the many interviews and ideas being churned out by members of the Obama Administration, the more it become apparent that they are gearing up to break their pledge to not raise income taxes on those making $250,000 or less.  In fact, there has been no movement or talk at all in Congress to extend any of the Bush Tax Cuts that have helped every single American and all tax brackets.  Obama and his liberal allies have pushed tax increases onto Americans in various ways, for example in the proposed Cap and Trade bill, the Health Care bill, and Obama’s financial industry taxes, all of these will be passed on to the American public.  Only a fool would increase taxes during a depression (yes, we are in a depression, we fit the text book definition of a depression, unfortunately no one has the courage to appropriately label it correctly).  Yet, this is exactly what we are facing.

Liberals do not have the self control or the foresight to cut spending dramatically in order to preserve the long term health of this nation.  Our futures, the futures of our children depend on shoring up our bottom line, and our President and Congress simply do not care.  We are burdened with enough taxes and enough programs.  Over time, as American has moved away from  pure economic and personal freedoms we have seen this situation further deteriorate.  Yet, is precisely into the abyss that our elected leaders have moved us toward.  This is simply unacceptable.  We have a duty to stand up to this kind of nonsense and stop the madness.  Until we elect responsible citizens into office, we cannot expect a cure to this financial disease.  We can not afford to simply wait and hope anymore.  Elected statesmen is a necessity and we need to do so every opportunity we get, for if we continue to put irresponsible men and women into office we all suffer immensely in the future.


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