We are swimming in a sea of red ink, years in the making. Will we find solid ground somewhere? Not without changing the way the budget is developed and who influences that spending.

How did we get here? Remember, after President Clinton left office surpluses were forcast for years to come.

From the New York Times via MSNBC . . .

Economic cycle(s) —                                                 37%
President Bush’s agenda’s —                                    33%
President Obama’s support of Bush policies
(includes Wall Street bail-out) —                          20%
President Obama’s stimulus bill —                          7%
President Obama’s agenda —                                     3% 

Will it get worse? More than likely. Especially since much of our debt is financed by governments whose motives swing on the political asperations of a few.

What can we do? FIX IT. We can FIX IT. President Obama needs to FIX IT, NOW!

This entry was posted on Wednesday, June 10th, 2009 at 10:08 am and is filed under Government spending. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.