Friday, April 15, 2011

HELP WANTED! Leadership opportunity

Job Description:
-  Eliminate the United States spending deficit
-  Save the U.S. before it is too late.

Must have:
-  Dynamic leadership skills
-  Charismatic personality
-  Ability to convince everyone in Congress to back off their party's philosophy
-  Common sense

-  Please contact the American people  if you meet all the qualifications.

               Many of the American people in need don't even realize their country is at risk.  The policy of deficit spending can potentially ruin America.  It is too bad that in our great United States there does not seem to be someone who meets the qualifications to lead us away from the deficit monster.  This leader would have to be an amazing personality who could convince Conservatives to raise taxes and convince Liberals to slash funding to entitlement programs.  Drastic steps are needed to save the United States from becoming too deeply indebted.   Our government is operating this fiscal year on a $1.1 trillion deficit  (Washington Post)  They are spending over $1 trillion more than they are bringing in.  These numbers are so huge it is hard to comprehend.  Think of the United States as one of your friends who has a job making $26,000 a year.  Picture that person spending $37,000 in that year.  Does not seem like a sustainable lifestyle for one person does it?  You would tell your friend to try and earn more and spend less.  Sound advice, but Congress and the politicians won't heed good advice.  The United States government continues to operate on a deficit and borrows more money each year.  The U.S. has to borrow money in the form of Treasury Bonds it sells to individuals and other governments.  The U.S. receives cash for the bonds and promises to pay the debt back plus interest.  (Think about your friend from above running up their credit card and then getting a new one each year).
            China operates its government on a surplus.  They save money each year and invest it.  One of the largest investments from the Chinese government is U.S. Treasury bonds.  We are paying the Chinese government to finance the U.S. deficit.  This is an unacceptable situation and must stop. As of February 2011 China owns $1.154 trillion in U.S. Treasury bonds. (Treasury.gov) We owe the Chinese over a trillion dollars and are paying interest on it right now.  We owe the Japanese $890 billion, the British $295 billion.  Last fiscal year the United States paid just under $414 billion in interest payments owed on debt.  $413,954,825,362.17 to be exact  (Treasurydirect.gov).   That is an incredible amout of money, and that is just the interest payment.
            Payment.  If things do not change soon the creditors could come calling at America's door.  If that happens who do you think Uncle Sam is going to turn to for cash?  You.  So if you know someone who fits the job description send them to Washington!

1 comment:

  1. I agree, the deficit that the United States is working under is getting ridiculous. The media always report on signs that pointed to the economy collapse in hindsight; is this going to be something we point to later as the cause of an even greater collapse? Our delegates in Congress refuse to compromise, taking over 7 months to create a spending plan for the fiscal year of 2011, which dictates spending for a mere 5 months.

    Where's the sense of punctuality the citizens were demanding in 2008? The government encourages its constituents to live within their means, but does not do the same itself. Congressmen and women need to make serious compromises to get the government out of the deep deficit that has been dug. Lower taxes and government programs will mean nothing when the United States no longer has the power to keep itself running effectively.

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