Monday, August 8, 2011

America, the land of debt.

A long time ago the United States of America was the envy of the world. The U.S. was a nation built on the hard work of average everyday people who believed that working hard, saving your money, and helping your kids would lead to a nation that can achieve anything.

Well today the United States is now a nation of debt. The United States owes 14,587,916,000,000 or $ 47,662.36 for every man, woman and child. The world over the past several weeks witnessed the failure of the political leaders of both political parties come to some sort of bi-partisan agreement that could have prevented the lowering of the triple A credit rating. The Speaker of the House could not gather full support of his party because of the Tea Party members who wanted more, so he gave in and changed his plan so he could gain the support he needed in the house to get the bill passed. Over at the Senate the Democrates control also resulted in there own members wanting more, and Harry Reid the Majority leader also had to give a bit so the bill could pass the Senate, and Obama could sign it into law before the Tuesday night deadline.

The debt ceiling has been raised several times over the years with little or no effort. This was because the leaders of both political parties, and their members knew it was the right thing to do so the government could meet it's obligations. So what was different this time? I think it has to do with the fact that Obama is President and maybe, just maybe because he's black. Yes I said it, I used the black word. Ever since Obama was sworn in as President, the GOP has made an effort to block him at every move, they have labeled him a weak President, a Socialist, and other things that I won't repeat in this posting.

One has to understand that it was George W. Bush who used the credit card of the United States to wage two wars, it was Bush who gave tax cuts to the top 2 percent wage earners thinking that would create jobs. It was Bush who took a budget surplus from the Clinton Administration and turned it into a massive deficit. It was Bush who allowed Wall Street and the Banking industry to run amok which lead to the largest financial meltdown since the great depression.

Prior to Bush being sworn in as President, Bill Clinton had created 22 million jobs while President, and oversaw the largest growth in American history since World War 2.

So what I'm trying to say is that this whole debt issue and the downgrading of the United States credit rating can't be blamed 100 percent on Obama. It was the GOP who would not work with this President, it was a former GOP President who took his hand off the wheel and allowed the rise in the U.S. Debt to happen. It was the Tea Party members of the Republican party who have effectively taken over the GOP who need to step up and admit that they were wrong and do what's right to bring America back to the nation it once was.

Until next time!

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