February 10, 2010 National Debt
I want you all to take a look at these videos:
I think Obama really needs to rethink the proposed budget and the deficit of our nation! I mean seriously? Who is buying our debt? Not many countries wanted to loan to us except for CHINA. That means China is slowly starting to own bits and pieces of our country. No one wants to say anything about that?
Anyways, Obama, I am sure you can justify everything you plan to spend on, but the point is, you are stressing our financial security out.
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Tags: china, debt, deficit, national debt, national spending, Obama, president, spending, video
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Ryan Jackson
said
So let’s have a conversation about this national debt business. First of all I find the conversation an interesting one to have now. I actually care about deficits and think that there are definitely things long-term that need to be done to reduce future liabilities.
That said I think it’s ironic that now that money is being used to help average and poor Americans, people are suddenly much more concerned about deficit spending. Where were those deficit hawks saying we to pay for the two wars before we got involved? where were those deficit hawks when large tax cuts for the wealthy were passed without paying for them? where were they when Republicans(along w/many Democrats) passed the largest expansion of Medicare with the new drug program, a program that was already projected to be running out of money? I think that it is unfortunate that the media and political leaders are quiet about the deficit when it benefits the wealthy and war-mongers but suddenly concerned when average people who are unemployed are drawing more benefits. I have a lot more thoughts but I’ll stop there for now.