As you no doubt are well aware, the national debt continues to skyrocket. Today, the national debt is just over 12 TRILLION dollars. That comes out to nearly $40,000 per citizen! Every day, the debt increases by almost $4 billion. That is absolutely amazing, considering Barack Obama campaigned on fiscal responsibility, cutting the deficit, and lowering the national debt. That's a rather ambitious goal, considering what he's done so far. After promising America that he would "cut the deficit in half" by the end of his first term, he quadrupled the deficit with his stimulus package. It might be safe to say our President is not so good at mathematics. To review, after claiming he would cut it in half, he's already multiplied it by 4 (and that doesn't even factor inflation).
So, it's clear that Obama is spending ridiculous amounts of money. What does Congress plan to do? Well, back in April, the House of Representatives approved a bill to increase the national debt ceiling by another $1.8 trillion. Democrats are attempting to finish passing this through Congress before the New Year, likely out of fear for the 2010 elections to come next November. Essentially, they know it's a bad idea, so they want to pass it now instead of right before the election, because they don't want to be voted out of office next November.
Obama has made it almost one full year with his democrat-run Congress. We can only hope that we only have one more year of this. November 2010, the entire House of Representatives will be up for re-election. We can only hope the people of this country begin to realize that the Democrats, led by Obama, are not very good at keeping their promises. Hopefully, for the 112th Congress, starting in 2011, there will be a more conservative/republican House of Representatives.
