Well, I'm frankly disappointed. And more than a little frustrated.
I believe we have made a choice that will, at best, do little to help our economy and absolutely nothing to help our debt; I fear that our government is heading directly into the dark place that our housing market went in 2008, and for many of the same reasons. It seems to me that there was at that time a prevailing idea that we could borrow and spend individually, without limit, expecting things to always go up and appreciate. When that didn't happen, it was hard for people to stop spending. We should have been hit hard, and learned lessons, but the government stepped in and absorbed some of the blow. Now our government is facing the same issues, as if when they absorbed the blow of the collapse, they absorbed the irresponsible thinking that led the people there in the first place.
We can't continue spending money we don't have. We can't continue borrowing to cover things that we want. We simply can't continue the way we are going; it's going to ruin us. I am deeply concerned about a default; I don't understand how those in charge of our country have managed to sign off on a plan that has led us this far into debt. I furthermore don't comprehend how we managed to let people stay in office who had agreed to such a plan.
I hope I'm wrong. I sincerely hope that President Obama will reform his policies and make drastic changes to the way his administration is running our country. I hope the other incumbents will see what they've been doing wrong, and will take immediate, drastic action to correct it. I hope the fresh blood coming in will have a tempering effect on the people who have sat in their seats for too long. If this is the case, I will be the first to admit that I misjudged President Obama and our Congress, and I'll gladly and publicly admit that they did well.
But I don't see it. I fear that we have made choices that can only lead further down the road on which we have started. To me, they've had their chance, and they blew it entirely, and they should have lost their chance. I'm not talking about party lines, either. As an Idaho voter, I voted against virtually every incumbent on the ballot, which meant voting for more Democrats than Republicans. I don't think any of them have done a good job, and as much as I do love second chances, we can't afford them in our government.
I am being a little harsh. I hope you understand that I don't assign all the blame to the president; I believe Congress is equally responsible, and I believe that the American people are, ultimately responsible for all of it. It is, after all, supposed to be a government given power by the voice of the people 'by the people, of the people, for the people.' We cannot sit back and watch our government with disgust and feel justified because we criticize what they are doing; we must act. Write letters, donate money and time, participate in active discussions, *vote*, and vote based on research and understanding of the issues, but simple criticism accomplishes nothing. I donated money to the Romney campaign and was active and open in sharing my opinions and ideas about how our government should be run. I think we will all be more satisfied with the results of our government if we do these things.
As a student of money, it is my honest belief that we are heading to a default. There are reasons it may not happen, and there may still be time for fiscal responsibility to avert that eventuality, but it is where I see us, and in not very many years. It concerns me for my future, for the future of the family that I want to start, for the future of our country, but I see it coming. I pray that our elected leaders will steer us away, and I will do my best to do whatever I can for my country, but I cannot hide that fact that I feel as I do.
This has been long for a blog post. I have more to say, but I'll save it for another night. Please, comment, discuss with me. I want this discussion, because I think it's one the whole country should be having, and should have been having already for months now. Do realize, however, that I don't tolerate unkindness, and I don't tolerate blatant propaganda. I want your thoughts, not your party's or your candidate's.
Let's do better together,
Brett Riley
p.s.
http://www.usdebtclock.org/ -- It feeds the accountant in me.