This week, the national debt passed $10 trillion. Your individual share of that is more than $33,000 and growing. When George W. Bush took office, the debt was at $5.7 trillion. It has mushroomed by more than $4.3 trillion just during his presidency alone. What’s even more interesting is that since World War II, the national debt, as a percentage of the Gross Domestic Product, has ballooned under the “small government” and “fiscally conservative” administrations of Republican presidents Ronald Reagan, George H.W. Bush and George W. Bush.
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Can we really afford another four years of a Republican administration promising “fiscal restraint”?
As gasoline, food and health care costs continue to rise, Americans are looking for solutions to the ever-growing financial challenges being faced today and in the future. I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker addresses these challenges while offering solutions in a one-night-only, exclusive in-theatre event on Thursday, August 21st. Theatres across America will become community town halls as five of the nation’s most notable financial leaders and policy experts engage in a 45-minute LIVE panel discussion following the viewing of the acclaimed documentary “I.O.U.S.A.”
If you missed it previously on this blog, here’s the trailer for the documentary.
Okiedoke’s “vintage Okie opinion” can be as profound and poignant in its succinctness as any of those long-winded pundits in newspaper columns and on cable news networks — none more so than this editorial comment from yesterday…
Using our grandkid’s credit card by increasing the national debt to temporarily stimulate the economy seems highly irresponsible, especially considering the questionable results. If we really want to excite American capitalism, shouldn’t we turn over the billions in Social Security to our country’s struggling investment community? Surely we can trust their business acumen. I wonder why politicians aren’t talking about that anymore.
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Disclaimer
The views and statements expressed on this blog are personal and are not intended to represent the views of the author’s employer, any other institution or any other individual. No third-party entity — person, business, company, organization, institution or otherwise — sponsors or endorses the content of this blog. This blog’s author is solely responsible for its content.
