18 July 2012

If your upkeep exceeds your income...



I wish to go on record as saying I admire the charisma of President Barack Obama.  He is obviously an intelligent man who came from humble beginnings and has worked hard for what he believes.  He is a strong leader and has accomplished many of his goals.

That being said, my problem is not his ability to lead; the problem is the direction he is leading us.  He has a different set of values than I share and I disagree strongly with his socialistic ideas.

Let’s examine the area of national debt.  This should be of great concern to all of us.  It has only been a few years ago when, under the leadership of President Bill Clinton, the United States was experiencing a financial surplus for the first time in years.  In a booming economy, our taxes produced millions more than the US budget.  It was an excellent opportunity to reduce our national debt, but instead of reducing our debt, our legislators went on a massive spending spree and spent even more than the surplus.  Both the Democrats and the Republicans were guilty of this spending binge, and instead of lowering our debt, we ended up with an even greater one.

While President Bush was our leader we were provoked into two wars, one in Iraq and the other in Afghanistan.  This not only increased our national debt, but also brought us to the place where The Great Recession began.

After Mr. Obama became our president, the congress refused to reduce the amount of money we were spending on social programs.  These are the same programs they had greatly increased during the time of surplus tax money.  When the economy turned bad, President Obama continually said that there would be no decrease in domestic spending.  In fact, it was increased until in the first three years of Mr. Obama’s presidency, our national debt has tripled.  It is more than a quaint saying: “When your outgo exceeds your income, your upkeep will be your downfall.”

Our government cannot continue to spend more and more money without a day of reckoning.  Eventually the interest becomes unbearable, and we will be forced into bankruptcy.

I’m sorry, Mr. President, but you are leading our country the wrong way.  We must stop spending more money than we have or we will destroy our nation.