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Our National Debt problem is the result of irresponsible governing and four types of deficits. The first deficit is a leadership deficit. Presidents in current times have been incapable of dealing with the deficit. A big drawback to dealing with it is the politician’s fear of not getting reelection. Another deficit visible in our country’s governing is a savings deficit. As a country we seem to be incapable of saving money. We spend even that which we don’t have.This isn’t just an issue in D.C. though, it’s an issue in American homes as well. Thirdly, we have a trade deficit. As a whole The USA imports far more than it exports. Take China for example, they export a ton into the US, everything from electronics to clothes, and we export to them scrap metal.We are just like Rome. Lastly, we have a budget deficit as well. Politicians spend way more than we have before we have it and don’t plan where our money’s going. It just goes overboard to attempt to cover everything.
Dealing with this and fixing it is going to require consecutive, serious efforts for many years in both Congress and the Presidency. I highly doubt that’ll happen. At least, it won’t happen until we’re on the brink of absolute destitution and the politicians can no longer blow this off and are forced to take this seriously. For that to happen, the people need to take this seriously. The general public needs to learn to save again. We need to start pinching pennies again and saving for a rainy day. I believe it would benefit the US greatly if the first thing we eliminated was a leadership deficit.
In recent months we’ve seen a lot of politicians cowering behind party lines, afraid to make that one decision (raising taxes, cutting spending) that would set us on the right track. We elect cowards. People need to stop believing they can have their cake, eat it, and NOT pay for it. I get to deal with a National Debt problem that will consume my hard-earned income as I get older. I don’t want the next generation to have to deal with that. I don’t know a way that would fix the trade deficit, due to big businesses finding cheap labor in developing countries, taking jobs away from countries like the US where there are laws and codes for everything from pollution to employee health care. Self-sustainment seems impossible but there may be a way to do it, I just don’t know it. The most difficult deficit to solve in my opinion, will be the budget deficit. This would require a cooperative, willing Congress all for ACTUAL bipartisanship for anything like a budget to work. Congress will, currently, argue and fuss over everything because of parties. In future elections it would be best to elect people willing to play nice with everyone.
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