Pres. Obama has thrown down the gauntlet. Obama to Tea Party: How Would You Cut Spending?
Since our total debt including liabilities, according to the US Debt Clock is approaching $125 trillion, it’s time for action.
When anyone has debts, they must change spending habits and spending cuts are necessary. Prime changes…
- Giveaways and outside expenditures
- Financing of others debts
- Unnecessary expenditures
- Fraud
- Private concerns
Stop all foreign expenditures. We can no longer finance the rest of the world. We can not destroy ourselves financially for the sake of others. If foreign programs are important to other countries or even some Americans, they must finance these programs for themselves… without US government funds.
We can’t “buy” freedom for others. Freedom must be valued so highly that one will risk of themself to achieve it. Otherwise, it will not be appreciated and eventually squandered. We can’t buy it for others with money or US lives. Likewise, we can’t afford to protect others. They must finance their own security. We are borrowing money from China, Japan, etc. to pay for this stuff. Eventually, when there is no more money to borrow, we will not be able to fund even our own defense. Financing others defense and security will ultimately endanger our own.
While we are so far in debt, we can not pay others debts. Remember the collapse of Greece. Why, when we can’t even pay our own debts, does the Fed help pay others debts.
We must stop all unnecessary spending. You know what I mean here. Think stimulus, bailouts (steal money from effective businesses to give to ineffective ones), cash for clunkers (estimated cost of $24000 per induced sale), etc.
We can not finance fraud. First there are the many fraudulent groups with ACORN style funding. Then there is the inherent government fraud, as in this Heritage report on government waste which touches on issues such as missing funds, overspending, credit card abuse, etc.
Do not finance private interests. They address issues for which should there should be no government involvement. If people want to put their own money into these issues then they are free to do so. Taking people’s money from them to finance these issues amounts to theft. Worse yet borrowing money to finance non-government issues amounts to sheer stupidity. A few examples:
- Aids in Africa…Sorry Hollywood, use YOUR OWN MONEY if you feel so strongly about it. Private charity issue.
- Healthcare…Private individual issue
- Welfare…This should be resolved by charities, especially during a debt crisis.
- Loan programs (including college). Private issue
- National Endowment for the Arts..ripe for propaganda anyway.
And these just scratch the surface.
Tough financial times call for tougher financial measures. Some of the above may seem harsh, but it is spending like this that has taken the country to the financial brink. It is time to be financially responsible even if it does make us look greedy (like that American hero Daffy Duck):
CW
Tags: Deficit, Spending, Warner Bros. Cartoon
