As a citizen of this country, I am appalled by the lack of common sense people display when it comes to finances. Our whole society is bound up in an endless cycle of revolving debt, which in the end will benefit nobody. However, even more unsettling is the fact that our government leads people into this dangerous path by example. We now have a $9 trillion dollar national debt. That is 12 zeroes! Assuming 300 million people in the country, that amounts to $30,000 per person!!! And it's increasing at almost 2 billion every day!! This is just not acceptable, and we are not going to pretend it is a non-issue anymore. If any of you want to get re-elected, or you want your term to be remembered for something positive, then focus on fixing this problem!!
I was pleased to read that the Chinese central bank holds $1 trillion of the debt. It is nice to know that a communist nation with whom we have had tense relations for years holds the future of our economy in their hands. Literally, during an ecomonic downturn such as we've been experiencing, China could crush our economy with the assets they hold in US treasury notes.
Why aren't our officials seeing this as the issue that it is? It is time to balance the budget! Pull out of Iraq asap, cut porkbarrel spending and wasteful projects, just do what needs to be done.
If we don't fix this issue soon, we will pay the price as a nation and as a people. I, for one, have no respect for the leadership of a government that pays no attention to balanced spending. In my job, I would be fired immediately for such practices, and I expect the same level of accountability for this infinitely more important stage.
Please Act NOW!!
