Pedro's Podium: Gross Fiscal Mismanagement

Have you seen the commercial the government is running where a guy says he's waiting for the "credit fairy?" His friend tells him that there is no such thing as the "credit fairy." After years of uncontrolled spending by the federal government I find it amazing that they are spending even more of our money to tell us about controlling our personal credit. It doesn't take too much of a stretch to say that government spending has been out of control for many years. Year after year Congress has spent money as if there was never going to be an end to it. I know that for several years we had surpluses, but those surpluses were not what they seemed.

During those years the Social Security "trust" fund was taking in more money than it paid out. Those funds were spent by Congress. Without those revenues the numbers would have looked differently. Each time you hear a politician talking about the Clinton Era budgets, remember that such talk ignores a major funding source. With the increase in the retirement rate and the cut in the Social Security "tax cut" this so called trust fund is now a liability not an asset. With these years of gross financial mismanagement the people who were responsible to protect the country and its future have totally ignored their responsibilities. This is not something that resides in just one party or the other. It is an issue with individuals not party alone.

I blame those who were and are still in Congress from both parties for the current crisis. This is not a crisis that was unforeseen. Anyone paying attention could see this coming decades in advance. This whole debt ceiling debate has been a set up. Please remember that Congress never passed a budget for 2011. This is the responsibility of Congress in which they failed to do with a purpose. The leadership in the Democrat Party understood that they would lose control of the House if history repeated itself. It is not hard to understand that they understood that they felt that they could manipulate public opinion and twist the arms of Republican members to betray their promises.

You must understand that politicians don't want solutions to problems They need those problems to have issues that they can blame on others and promise to fix. They are willing to pass laws that do nothing but increase their own power and those who support their reelection. This type of "leadership" is the reason why our nation is in over $14,500,000,000,000.00 in debt.That is only the debt in Treasury Bonds and not the other obligations such as Welfare, Medicare, and Medicaid. This unsecured debt is estimated to be over $114,697,000,000,000,00 or in words $114.697 trillion.

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The only plan put forward by the President is to increase spending and taxes. Now I know that is not what he seems to be saying, but you must listen to not just what he is saying now but what he has been saying since he has been in office. Unless he is totally stupid there is no way he can claim that he did not know that the credit limit was going to be an issue this year. Not knowing this would occur would be totally irresponsible and an act of incompetency. But his party has presented no answer. They only want to blame the TEA Party and the Republicans.

It is time for more Americans to stand up and say that our so called leaders must stop allowing problems to become a crisis in order for them to push an agenda. Those in power wish to increase their power and enrich their friends by robbing the nation. Obama and the current and former leaders of the Democrat Party have no answers other than class warfare. The greed of the left and the corruption of our government continues to weaken the country. Their answer is to punish the productive, enrich themselves, and bride those who only look to government.

So no. The credit fairy does not exist for the individual or for the government. It is time to look at reality and realize that government can not continue to spend money without limits. The corruption must end. Government must shrink. Raising taxes on anyone at this time will only punish the producers and reward no one. By raising taxes at this time the economy will slow even more and decrease revenue to the treasury.

The answer can only come from less government not more. Maintaining the tax rates and cutting spending will encourage growth in the private sector. Increase taxes and government has only depressed growth. But we have elected officials who see productive people as bad people. The proof is undeniably true that as government grows you have fewer workers producing and paying taxes. This is a death spiral that we are entering with too many cheering it on.

Those in power of both parties are divorced from the reality and wish to only maintain power by any means. We must realize that the more we expect from the government the more they take away. Our freedoms are on the line. Once we lose our freedoms, freedom will be lost to the world. Don't be fooled by the double talk and the blame game. This debt crisis is a manufactured crisis of the Democrat Party. The blame is on their hands. If they had answers that worked then there would be no problem. It could have been solved long before it became a crisis. Don't forget the words of President Obama's former aid: "Never let a crisis go to waste."