Search This Blog

Wednesday, August 03, 2011

Who will pay for it all? Obama?

Who will pay for it all?


Ben said...

I completely agree. I place the blame squarely on Reagan, though, for these insane levels of deficit spending. If he hadn't let the debt-ridden genie out of the bottle, maybe we wouldn't be in this mess. Once you start this kind of extreme deficit spending, it becomes very difficult politically to stop, and that's the situation we find ourselves in today. I just don't think people are willing to make the necessary sacrifices to reign in our debt, unfortunately. Especially with regard to the military, social security, and medicare. It's an unfortunate situation we find ourselves in today, and I just hope someone figures out a solution that makes sense... and that the citizens of our country are willing to accept.

Raymond said...

But, just under 50 % of the current national debt was reckless spending of the past two years. And also an 84% increase in Government expansion. And some of the earlier debt at the hands of the Congress [Pelosi & Reid]. Congress passes $ for PORK spending etc. Thank God that sanity has now taken over and turned around. A small start but the right direction. Don't forget where the control was for 10 years up uintil last December. Pelosi - Reid can not lay blameless - The best part looking ahead is what may be an early , "lame duck" , and an end to the worst presidencey [in two years] this country has seen. He makes Jimmy Carter [now 2nd worst] look great by 10 fold or more. We should be glad we had a Leader such as President Bush - I mean a Leader unlike the current campaigner - golfer in chief.