I have read an article entitled Balance the Budget Now by Jim DeMint, it caught my attention and decided to write a blog about what he had to say. Our nations debt has reached it's highest point ever recorded by the government at an astounding 14 trillion dollars. Our current president Obama has raised the current debt ceiling again for the four time since he has been president. The government has been borrowing substantial money for the last couple of years in order to keep up with there huge spending spree. Increasing our nations debt is going to raise our taxes in order to keep up with the surplus of our governments spending. The republicans and democrats have not yet come up with a solution to cut back the spending. The year 1990 our national debt was at 3 trillion dollars, here in 2011 the debt has risen to 11 trillion dollars. That as an amazing 450% increase in our nations debt, its on track for 26 trillion in the next 10 years. With all this government spending a small percentage of the money is trickling down into our economy. Big industries are benefiting from the large government spending but the small business don't see any of the profit. Hopefully the government will look closer into the situation they are putting us American citizen in. We are feeling the full effects of our weak economy today, our future generations are the ones who will suffer from our massive nations debt. Changes in our government spending need to be addressed in order to help our current economic status. The senator from South Carolina made very good points, i would recommend this article to anyone.
Balance the budget now
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