The federal deficit is surpassing $16 trillion. That’s $140,000 per U.S. taxpayer. The problem of unfunded liabilities is much worse – more than $120 trillion in current Medicare, Social Security and prescription drug liability, according to the U.S. debt clock.
Unfortunately there seems to be no willingness on the part of the Democratic Party or our president to address the issue seriously. Many Democrats still refuse to admit that our debt is a major problem.
While both parties deserve plenty of blame, it is President Obama who is seeking re-election. Voters should hold him accountable for the policies he supported and enacted as a senator and our 44th president.
As a candidate in 2008, he promised to cut the deficit in half; instead it has grown at a staggering pace.
Simply pointing fingers and labeling anyone willing to put something on the table as an extremist isn’t leadership. If Democrats don’t like what Republicans are proposing and passing in the House, they need to pass an alternative in the Senate and work with Republicans on a compromise.