Saturday, August 08, 2009

Our Debt

I’ve always been socially liberal but fiscally conservative, and I suppose that explains my moderate political positions. But one area that has always concerned me is how our government spends our money - rather inefficiently I’d say. This isn’t a partisan issue - history shows that both Democrats and Republicans are terrible at managing public funds. I tire of the ceaseless and rather inane invective concerning the issue. Much of what you read, hear, or see, simply isn’t based on true information. I don’t think the right can hold the position of being fiscally responsible anymore - the most recent Bush administration was responsible for generating the largest deficit in history. I fear though that the Obama administration will keep it going in order to address the many shortcomings in internal investment that the country has been ignoring for years. So, we should probably all keep an eye on the national debt. Another online debt clock recounts various other financial landmarks for the country as well (I can’t confirm its authenticity though, so I am leery of giving it too much credence - it’s numbers seem close enough the the US Treasury though). I lay most of the blame at the foot of Congress; but I think that the unnecessary war in Iraq has truly decimated our financial future. When you look at how much money foreign wars cost, my hope is that it really makes you question if they are worth it. Certainly, the expense of being distracted from Afghanistan into Iraq has all cost us quite a bit…