Economy and National Security
At what point can we say that the challenges facing our nation from our stumbling economy should be considered a …
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Budget deficit
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Every year under Bush we've been spending far more than we've taken in. This year that number is approaching 1/2 trillion dollars.
We're borrowing the difference from China, meaning that they can now call our shots, tell us what to do. I'd consider this a national security issue, wouldn't you? I mean, a broke nation can't defend itself. Posted on 09/13/08, 03:09 pm |
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Our total national debt is approaching $10 trillion, a staggering and immoral number.
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Hmm, according to our Central Intelligence Agency, our total debt has increased by a half trillion dollars every year since 2003.
Our own Government Accountability Office (GAO) and Office of Management and Budget (OMB) call these numbers unsustainable. I'd say this was a national security issue.
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In 2007, we bought $700 billion more from foriegn countries than we sold to them. That number has been growing every year.
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We'll spend about $400 billion to buy foriegn oil this year. That's money that would have otherwise been invested here at home.
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What are the candidates going to do about this?
We don't know because the press has been too busy talking about Brittney Spears and lipstick on pigs.
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