There are about 200,000 monthsly searches on Google, with over 49.5 million results for "national debt" for Everywhere I look today, I & # 39; m seeing the national budget and debt being talked about in the news.
There the signs between the clouds that and the things are over impro; There are signs between the clouds that and the things are getting better, there are an undercurrent of unrest. There are improvements in some things. QEIII (Quantitative Easing III) - There are improvements in some things. after all, QE I did not work and it being that QE II will not work either. Three 'the charm?
That 's the one you want spend more than you make, you are unbalanced. That' s the basic problem of spending your way to solvency is by definition, unbalanced. Therefore, the trust and belief many people still have that government knows what it & # 39; s doing and can spend it & # 39; s way to solvency is totally illogical.
The last time the national debt was under control was with the Clinton administration. Really.
"Clinton and the Budget Surplus"
The Republican takeover of Congress in 1994 led to a push for a balanced budget as part of the Republican Contract with America campaign, continuing deficient reductions by President Clinton consistent with his 1992 campaign promise.
Permanent political conflicts with President Clinton, the Legislature and the Chief Executive reduced the deficit. At this time, Americans see reducing the deficit one of the most important public policy objectives. In March 1995, a Balanced Budget Amendment Passed the House of Representatives and came within one vote of passing the Senate. Out of office, former House Speaker Newt Gingrich called for continued payments toward the debt with a view to paying it off exclusively. Ross Perot & # 39; s1996 presidential bid was in part evidence of the declining significance of the deficit, and hence the Balanced Budget Amendment, as an issue.
In his final state of the Union, President Clinton said the United States should continue to balance its books and pay off the debt indefinitely.
~ Wikipedia, under the Balanced Budget Amendment, http://en.wikipedia.org/wiki/Balanced_Budget_Amendment
So, what & # 39; s happening today with the budget?
- Did you know that on Feb. 17, 2011, the national debt stands at $ 1 4, 1 3 3, 8 8 1, 0 1 3, 4 7 6 3 6
- The estimated population of the United States is 310, 050, 550
- so each citizen & # 39; s share of this debt is $ 45,585.73.
- The National Debt has continued to increase an average of $ 4.14 billion per day since September 28, 2007!
Concerned? Then tell Congress and the White House!
~ This information above is taken directly from the US National Debt Clock
So, what happened?
Jidsh, seems like every family SHOULD Let's see how the US government is, how do you encounter it? have a balanced budget ... meaning that you should not spend more than you earn.That 's what you teach your kids, is not it?
The belief changed to to the next the belief changed to following the example of modern day leaders, that being, spend, spend, spend , pay back the minimum payment (if you can) and things would be fine. Look where that has gotten us.
Never have to pay anything back - ever - not you or your parents or your children. Sometimes That works OK in a society that is healthy and where the people are working regularly. United States is sinking MUCH higher, the unofficial numbers are probably MUCH higher, the ship we are on and there & # 39; s not enough of usable to scoop water out fast enough to keep us afloat.
The citizens are just a small part of the problem; The debt keeps climbing, moment by moment while many individuals have lost jobs, homes, life savings, retirement nest eggs and, here 's the big one: TIME.
These banks and insurance companies have become the power behind the government: the black hole of the global economies - continuing to siphon dollars out of the citizenry and using the monies to continue to feather their bloated nests.
What is the solution? I do not honestly know - other than att attention to what is happening around you and figure out ways to increase your self-adequacy.
- Explore other sources of your news between the major networks.
- Do not believe everything you hear.
- Do you own fact checking. If people are telling you a particular piece of legislation is good or bad, go get a copy and read the darn thing.
- See for yourself.
- The out of control national debt is just a symptom of the global illness.
- To be aware is to have options.
- Grow as much as your own food as possible
Would love to have your comments on this one.
