Our National Dilema... Caused By Fiscal Irresponsibity... Then and Now

by: Les Carpenter
Rational Nation USA
Birthplace of Independent Conservatism
Liberty -vs- Tyranny

CBS NEWS - The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch.

The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.

It's the most rapid increase in the debt under any U.S. president.

The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term.

Mr. Obama blames policies inherited from his predecessor's administration for the soaring debt. He singles out:

"two wars we didn't pay for"
"a prescription drug program for seniors...we didn't pay for."
"tax cuts in 2001 and 2003 that were not paid for."

{Read More}

Indeed the Obama administration bears responsibility for the nations fiscal crises. So does this, as well as prior Congresses. As do former Presidents.

Until such time as everyone acknowledges these simple facts, and accepts it is time to begin holding our elected officials to a standard of fiscal responsibility and fiscal conservatism not a thing will change.

Whether under democratic or republican leadership. It is just that simple.

Via: Memeorandum

Comments

Post a Comment

RN USA no longer accepts comments. The information presented is for reflection, contemplation, and for those seeking greater understanding and wisdom. It is for seekers and those with an open mind and heart.

Namaste


Top Posts

Our Biggest Creditor {China} Tells Us "The good old days of borrowing are over"

Image
by: Les Carpenter Rational Nation USA Birthplace o Independent Conservatism Liberty -vs- Tyranny As the chickens come home to roast... Unbelievable we have been this stupid. ( Reuters ) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets . After a week that saw $2.5 trillion wiped off global stock markets, they are under pressure to show political leadership and reassure markets that Western governments have both the will and ability to reduce their huge and growing public debt loads. French President Nicolas Sarkozy, who chairs the G7/G20 group of leading economies, conferred with Britain's Prime Minister David Cameron ahead of a call planned for this weekend by G7 finance ministers and central bankers. "They discussed the euro area and the U.S. debt downgrade. Both agreed the importance of working together, monitoring the situation closely ...
Read more

Cultivation of Wise Desires and Intentions With B. Alan Wallace At Mind & Its Potential...

Image
When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

When and How Will it End?

Image
by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism This is America. We are an English speaking nation. We have distinct and traditional American cultural values. We have some Americans in our population who have difficulty speaking a coherent sentence. We have many who cannot construct a complete and proper sentence. Yet we find the time and the money to educate youth in Arabic and Arabic culture. Mind you this is a Federal Grant program and limited to only five select school districts. At least for now. At a cost of 1.3 millions dollars students on these select district will be required,  you heard {read} right, required as mandatory part of their curriculum to learn Arabic. This is a blatant abuse of taxpayer money, and it is indicative of the future course our nation has embarked upon under the fuzzy, misguided, and incredibly deceitful anti leade...
Read more

Who Am I? Discover the Power of Self-Inquiry...

Image
  When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

The Lotus...

Image
  When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

Sikhism Explained...

Image
When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

Catch The Tail of The Breath...

Image
When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

Dzogchen 3 Stage Meditation...

Image
  When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more

𝐓𝐡𝐞 𝐇𝐞𝐚𝐫𝐭 𝐒𝐮𝐭𝐫𝐚 ~ Prajñāpāramitā ~ The Perfection of Wisdom...

Image
When you run after your thoughts, you are like a dog chasing a stick: every time a stick is thrown, you run after it. Instead, be like a lion who, rather than chasing after the stick, turns to face the thrower. One only throws a stick at a lion once. Milarepa   “Just as it is known t hat an image of one's face is seen d epending on a mirror b ut does not really exist as a face, s o the conception of "I" exist d ependent on mind and body, b ut like the image of a face t he "I" does not at all exist as its own reality."    Nagarjuna "Thanks to impermanence, everything is possible.   Nagarjuna
Read more