A Disastrous Financial Course

October 30, 2006 at 5:08 pm | Posted in America, American politics, Debt, Democracy, Democrats, Pennsylvania | 2 Comments

The Government Accountability Office chief warns of impending financial disaster in our nation’s fiscal and financial future. The whole article is an excellent read. We’ve got a serious problem on our hands here in America, one that has to be dealt with now. The answers and solutions to this major problem are painful and will require a sacrifice. Are Americans willing to sacrifice? You’d think so, but are politicians, the ones creating laws to solve problems willing to go on the record asking for painful solutions, or are they weak-kneed and prefer to sugar-coat fluff back at their constituents? Republicans have had six years to do something about the national debt. What have they done? Absolutely nothing. In fact, they have added to it. They reduce taxes (which is fine and dandy), but then do not counter the loss of income with a reduction in services. In fact, pork barrels have increased since 2000.

Will Democrats solve this problem? I don’t know. As a Democrat, I will push for my new Democratic representatives (Chris Carney in my House district, and Sen. Bob Casey as Senator), to do all they can to make Americans today pay down their debt, and not pass it along to our children. I want my children to not have to pay for our debts. It is not a burden we must lay on them. If we do, our generation will go down in history as one of the worst—a self-serving, me-me-me generation lacking all sense of accountability and responsibility.

Reducing taxes without the accompanying reduction in services does nothing to make a government smaller; it only makes it go further in the red, and ironically, tax our children at a far greater rate than what we are taxed today. Is this really sound policy?

2 Comments »

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  1. This is among the many reasons I’m voting for Pete Ashdown tomorrow (w00t for early voting). The current administration can spin all of the “percentage of GDP figures” it wants, it doesn’t make our surging debt any good. It’s like getting cash advances on a credit card to invest in a high-risk stock. Dumb, dumb, dumb.

  2. I wish you luck with Pete Ashdown. I hope he can make some dent in Hatch’s rule over Utah.


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