I have. Really, how much of this can go on without somebody getting past their elitist attitude and posturing to do what is right financially. On the news tonight, I hear George Stephanopolis and the White House reporter trying now to now smear the S&P organization. It was this same organization who warned all of us two weeks ago that spending had to be reduced on the federal level or face a downgrade.
In one of my last blogs I asked if Someone Who Gets It Would Please Stand Up. Unfortunately, collectively no one stood up and today the American worker and investor is taking it on the chin again. Frankly, I have had enough.
Senator Marco Rubio (R-FL), recently spoke on the senate floor to point out what the issue is. What I saw and heard was a question from former presidential candidate John Kerry (D-MA) that simply challenged Rubio’s suggestion that the debt situation has not been take seriously. What the senator, and no other senator I heard, did not challenge was that the U.S. spends $300,000,000,000 per month ($300 billion). He went on to say that the U.S. revenue intake is $180,000,000,000 per month ($180 billion). The U.S. then borrows $120,000,000,000 per month (120 BILLION) each month. As a federal government, we BORROW around 40% each month to meet our bills. UNBELIEVABLE!
I work with people and their finances who are much more financially savvy than those we have elected to represent us. THEY DO NOT GET IT in Congress.
For two years now your government has function on NO BUDGET! How do they no what we are to spend?
Today at the barbershop my barber and I watched video of London burning. This video was in between reports that the stock market crashed today. We both wondered about those riots in London and asked each other – is that what it is going to take here to make the financial changes we need to make in this country? It should not, be but what will it take?
I have seriously had enough. What about you?