Imagine a leech feeding off of you, slowly removing a bit of blood at a time while your body replenishes what has been taken from it. Now imagine it slowly growing, feeding more and more and growing bigger with each accumulated red blood cell. Eventually it begins sucking out more blood than your body can produce, causing irrevocable harm to the host body.
Transform that analogy to the massive deficit and there is a striking comparison. This is the fourth year in a row that the yearly national deficit has breached the one trillion dollar threshold. According to the Congressional Budget Office, the bill for the first eleven months of the fiscal year is going to be around $1.17 trillion, bringing the total national debt to be $16,066,241,407,385.89 as of Sept. 28, or $51,561.80 for every man woman and child in the USA.
To put things into perspective, the average yearly income of US citizens is roughly $40K, and tax rates do not even come close to match federal spending. With this current election as economically grounded as it is, it is important to at least ponder a bit about this topic and what it could mean for our future.
With this being the fourth time that President Obama has run the deficit over $1 trillion is it also surprising that he also has the highest running deficits in US history? He has spent more in four years than Bush did in seven of his.
Ironically, the time when the Democratic Party controlled the House and Senate under Bush, the deficit doubled what is was the year before. This is the current trend in government spending: throw money at a problem and expect it to go away. For climate change, Obama funded Solyndra and 13 other failed green energy companies. For transportation and the green initiative, there was GM, (done under Bush but prescribed by Obama) which is now facing another potential bankruptcy. The reoccurring theme here is spending without accountability, and within the administration itself just the lack of accountability in general (Operation Fast and Furious for example).
The only way to counter a massive leech sucking you dry is to remove it from your skin before it is too late to do so. That is why this election is so important.
Not only are there of a plethora of social issues at hand, but also the spending crisis that could potentially devastate the American economy if left unchecked. If Obama— and the government he leads— were so adamant about the true plight of the American people, then a simple suspension of exorbitant federal spending would have taken place instead of a four-year campaign for re-election and Obamacare.
For those who believe the massive deficit was left over from the Bush administration here is a breakdown by percentage of where this current national debt came from: 46 percent economic factors, 44 percent Obama policies, 10 percent Bush-era policies, according to COB and Yahoo News.
The fact that the deficit has continued to grow means that this government cares nothing about what will happen to the average American when the dollar fails, and only cares about pushing their partisan agendas.
