Debt

The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt.

Barack Obama - source: brainyquotes.com

Government should not be spending more than it takes in unless in an emergency. If the government was a business, it would have been bankrupt a long time ago.  Any entity - business, individual, government - that has too much debt on top of massive future unfunded liabilities is heading toward a major economic catastrophe.

Federal program should be prioritized and some that don't make the cut get defunded. If a government believes that certain programs are priorities that didn't get the funding in a previous year, the government should shift funds from a less priority or a program that is very inefficient.

Senator Obama was right when he stated that raising the debt limit is a failure of leadership. The problem is that President Obama does not care about reckless spending and is a failure as a leader.




http://www.usdebtclock.org/