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.

In the past eight years, the national debt has doubled. What has the government with that extra spending? Landed on the moon? Cured cancer? Developed a better way to travel? The answer to all of them is no. The government has doubled the debt and has done nothing to justify it.

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.

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