You have three simple events which have all come to meet at roughly the same time.
First, for forty years...the government has continued to grow at a fairly healthy scale. In 1950....we had around 1.44 million government employees. As of 2009, we had 2.1 million. Figure the salary structure, the benefits, and the pension for each one. Not only do they have some job to perform, but in most cases...they have to spend a fair amount of money in the performance of their job. We’ve kinda maxed out here.
Second, since the 1980s...we’ve been exporting jobs and business outside of the US. We actually got around to downsizing the dollar (part of Bush’s efforts) in order to drum up business for America. The cost of manufacture in America is ridiculous...but we play out this cheap-dollar routine to survive. We’ve maxed out on this strategy.
Third and final...when the housing market collapsed in 2008...everyone got this idea that we were going to stabilize and recover. Basically...empty houses remain, and the banks are sitting there on a ton of houses or worried home-owners who really can’t afford the current mortgage they are stuck with. Recovery in the heartland of America has yet to occur.
All that the President does...is simply stir the pot with words. There’s nothing with recovery here. It’s like coming up on a car accident....it’s best to look at it from a distance and just keep driving. Stopping won’t do much good.
I still want to know why the deficit “doubled” to an amount greater than all his predecessors. Was it bailouts? Was it changes to entitlements? Was it giving money away to prop up third world countries? The war efforts under Obama don’t even come near to what happened durding Bush’s term so why so much money spent? Should we find out what was done and what of those items should be cut? Is it more a spending problem than a revenue problem? Our federal government should have the money and the staff to do such research or perhaps the research is already there. I think the American people have a right to know what happened. Like Obama or the current government or not depend on answers to such issues. What was the spending and was it a good decision?