With the 2012 Presidential Elections quickly approaching one issue that is guaranteed to be a hot topic is the current debt crisis. Our fellow Republicans in the Senate have tried to resolve the debt crisis, and we even came close to a government shutdown but the problem has not yet been solved. For many Americans the National Debt is this mysterious number just floating around somewhere ,but the current National Deficit is a real problem and one that must be addressed immediately by our government. The Democrats, including the President, have shown that they don’t have the resolve to make the hard decisions like reducing spending, instead they rather live in a dream world where the money never stops flowing. I’d like to draw your attention for a moment to the U.S. National Debt Clock.
Our External Debt to GDP ratio has already reached 100%, which means unless we reduce government spending there is no way or debt will decrease. Now China’s External Debt to GDP ratio is only 5%. What does that mean? Well let me educate you, it means that China might even be debt free soon and guess who owns many of the United States’ assets. That’s right, China. My fellow Americans, money doesn’t grow on trees it’s time to stop pretending. It’s time to reclaim our country from foreign interests and the ineptitude of the Democrats. My fellow Republicans, I urge you to take a long look at the National Debt Clock, and realize there is only one political party that can rescue us from this mess. The good news is that you are already member of that party.
View the U.S. National Debt Clock here
No related posts.
It’s not just the national debt that candidates need to address. There is still a crisis with regards to personal debt in this country and many of the so-called solutions being proposed do nothing to help individuals, they simply keep banks and credit companies going.
Taking out additional loans and switching to lower interest credit cards is a good start, but citizens need to get a handle on their personal finances, especially debt. Without that, there is no way that the country as a whole can get back into a cycle of healthy spending and growth that will sustain businesses and improve the economic health of the nation.
[...] accusations of which he been the target of recently. On the program Gingrich discusses his stand on healthcare and the direction that he hopes to take this country if he is elected. Watch the video [...]