Is Barack Obama overspending America's taxpayer money?
HOW OBAMA HAS SPENT MONEY Barack Obama has just spent a near Trillion Dollars on a Healthcare Reform bill that more than 60 percent of Americans do not support. One of many reasons for the lack of public support is the people's unwillingness to be forced by law to pay for something that may or may not even work. This is also a reminder that there is a culture among Washington beaurocrats that your money is their money. There is no line drawn in the sand determining when "enough Government is enough Government." Obama also spent a fortune on auto bailouts to GM, yet Ford ironically benefited from the lack of Govt regulation, GM went bankrupt regardless of the billions spent. In the history of our country, never before have so many billions of dollars been thrown at pretty much anything. The tone in Washington is since the U.S. is already in a deficit mess, nobody will know the difference if we make it worse....we can just convince everybody all this mess was Bush's mess until they stop believing it. HOW OUR COUNTRY WAS DESIGNED TO WORK Our Founding Fathers intended for the USA to establish the smallest amount of Government possible to defend us from foreign aggressors and protect us from each other. In other words, the only reason for Government regulation anywhere should be to protect the line between another individual, partnership, or corporation's rights and freedoms from overstepping mine. It is Government in the interest of the people, no Government against the people. During the 20th century we have expanded the size of Government to a state never seen before, and Obama has just taken it to new heights, a mess we cannot back out of. If Social Security is not sustainable, nor is medicare, because of the retiring baby-boomer generation, then how can we support monstrous NEW legislation on healthcare reform? This program is not sustainable long-term, it is a disaster. We are putting the taxpayers in a habit of spending we cannot keep, and adding more and more to this. WHY EXACTLY IS BARACK OBAMA DOING THIS? I do not dislike Barack Obama as a person, I think his intention has always been to do this best to build this country up and to fight for the unemployed, lower and middle income families, and I will say that his heart is in the right place. Unfortunately, to be an effective leader you have to think long-term. Simply put, you need to not just think about your popularity, your party base, your target voters, but you really need to stop and think "How is the work I am doing as president going to impact the state of the United States of America long-term? If the best measurement of long-term sustainability is the Federal Debt, then this is going to matter. Just as the debt of Americans eventually forced Americans to stop consuming luxuries, they realized when it was too late that YOU CANT SPEND WHAT YOU DONT HAVE. I really think Obama means well, but he has lessons to learn, he is young and inexperienced in many facets of life and here is where you pay for that...it comes with the judgment of what people want NOW vs. what really is the long-term impact of what you are doing. This is where age and experience comes into play. WHAT IS THE IMPACT? It is uncertain how we will EVER get out of 12 Trillion Dollars of debt, who and what people will devote themselves to this cause and when? It is a plausible question, a frightening one as well, in an uncertain world. I recommend that we make major changes in November, maybe get some independent party members in Congress, we need major changes in this country, we need a DIFFERENT different direction. And besides, where are the country's priorities? If we have 10% unemployment rates, then we have a much much bigger problem than healthcare. First, our focus should be on building the economy, then everything else can fall into place. Without investment, job growth, and innovation, there's precious little chance we can fund anything at all.
Politics - 9 Answers
Random Answers, Critics, Comments, Opinions :
1 :
you answered your own question...obama is going to destroy this nation
2 :
i COMPLETELY AGREE with J, he's destroying our nation. he's destroying America, you answered your own question.
3 :
We are never going to be able to fully get out of debt. In ten years they are estimating a family of four would owe $144000 to pay off all of our debt. Obama is waiting for someone else to pick up his mess, but we won't be able to.
4 :
Obama did not rack up 12 Trillion Dollars of debt. The debt has been spiralling out of control for decades under both Republican and Democratic governments. What's important to look at is what is building the debt. I, for one, prefer debt that works for US citizens, such as healthcare. I do not agree with spending an unreal amount of tax money on a war that has made US relations worse and was initiated for the greed of a few and not the benefit of the Americans.
5 :
I'm from Canada and I must say universal health care isn't all that. With the widening gap between rich and poor, more and more people are not able to afford the proper health care they need. My friend actually wrote more about it here: http://www.thedashingfellows.com/healthcare-and-the-differences-between-canada-and-the-us/5789 It is from a Canadian's perspective, so I'm sure there will be a lot of americans who disagree. Anyway, I'm just glad we have it.
6 :
Obama did not create this debt. Clinton actually reduced it, then we got the 8 years of GWB. It increased spectacularly during his term. Mostly from fighting a definitely unjust war and one questionably unjust war, which we can't win. Further, Obama inherited the market/bank failure. Bush was proposing many of the same inevitable fixes that drove us further into debt. It's convenient for the right to blame this all on Obama, but, it ignores the facts. Health care reform is long overdue. In time, it will act to decrease our deficit. Not to mention the fact that it is the right thing to do.
7 :
I agree that Barack Obama is overspending the American taxpayers money. The current administration that is now occupying the taxpayer’s White House is offering NO solutions to the economic difficulties facing America today. Instead this current White House is trying to change the way America is being governed at the expense of the taxpayers, our Constitution and at the expense of all future generations. Since taking office and being voted in, because of an America that was tired of George Bush - Obama has NOT addressed any of the problems plaguing America’s economy - instead he is piling on to the problems and CAUSING most of the turmoil that exists in our economy today. If George Bush had been so bad and had wasted so much money - then why wouldn’t Obama try to REDUCE the deficit instead of doubling it, causing it to GROW to record amounts? Why would Obama go on a massive spending spree when everyone knows we are bankrupt and have no money? Why are the debt clocks still spinning in the UP direction - when all this administration should be doing is REDUCING the debt? The unfortunate answer is that the Obama administration is intent on destroying the American economy, redistributing our wealth and making it so that all the people are heavily dependent on the government for most of their needs - this is Obama’s dream and his warped view of how a society should operate. This is also what shall cause him to be voted OUT of office in 2012. If Obama really wanted to help the taxpayers, American business and Capitalism - he would just get government out of the way - and THEN he would get a second term - but the way he is running things he is guaranteeing himself only one term. To win over the American people, Obama should immediately lower taxes for businesses and individuals - even though he doesn’t think so, this will INCREASE the tax revenue NOT decrease it - this is where his thinking is trashy - he thinks the only way to bring in more money is to raise taxes - this however is counter productive and will actually hurt what he is trying to get accomplished. Obama is afraid of Capitalism - he has never actually held a private sector job nor has he ever created a job - he is afraid of Capitalism because capitalism requires the LOWERING of taxes and the minimizing of government’s role - two things Obama is dead against. There are no solutions coming out of the White House because Obama is not thinking SOLUTIONS - he is thinking POWER GRAB, REDISTRIBUTION and the FAILURE of CAPITALISM - this is why America will continue to slide towards Sociaslism, Marxism and Communism - exactly what Obama and his followers want. o_O
8 :
Of cause he is, he is out to destroy America, that's his aim. He may talk as if he is trying to sort out Americas problems, this is what he hopes you will think, but the bottom line is he wants to ruin America, its a simple as that.
9 :
The answer is he has not over spent. He is following an economic model that has been used many times to get us out of painful recessions. Look at this: http://en.wikipedia.org/wiki/Keynesian_economics Once the spending is done to get us out of the recession, I feel confident about our debt and our economy. The reasons can be found right here: http://search.yahoo.com/search?p=who+is+better+for+the+economy+republicans+or+democrats
