A Nation Addicted… To Spending
Despite two unprecedented decisive elections – one dominated by the Republicans and the other by the Democrats – and a clear focus on spending and the dangers that debt poses to our national economy and way of life, our national debt is still out of control – and rising fast. Why?
Because America is addicted to spending more than we have, and letting the next generation deal with the consequences.
Like any addiction, the first step to recovery is admitting the problem.
But Don’t Take Just Our Word For It
What do Democrat Barack Obama, Republican Paul Ryan, and a non-partisan former Chairman of the Joint Chiefs of Staff have in common?
Not much – except they all agree, in principle, that spending is the problem.
- As President Obama once said: “To take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic,”- July 3, 2008
- Congressman Paul Ryan, chairman of the House Budget Committee and 2012 Republican nominee for Vice President, concurs. He told the Economic Club of Chicago that our spending “trajectory is catastrophic” and left unchecked, we face the most predictable economic crisis in our history.
- Admiral Mike Mullen, America’s 17th Chairman of the Joint Chiefs of Staff, even called the debt crisis the “biggest threat to U.S. national security.”Mullen’s message is crystal clear: national debt IS a national security issue. The reason is clear: many nations own our debt, thus limiting America’s options around the world.
Ending The Spending
When you find yourself in a hole, the first thing to do is stop digging. Sequestration – or mandatory government belt-tightening – is a good start. But it’s not enough to solve the problem because the long-term drivers of our debt is the so-called mandatory spending on entitlement programs. This crisis necessitates a fresh message and a bold new approach. And that’s where we come in.
Here at Ending Spending, we believe that the problems must be accurately identified before they can be fully understood and solved. We also welcome the breadth of solutions that various leaders and organizations have put forward; every conversation about a potential solution increases our awareness of the problem and brings our country one step closer to regaining its fiscal sanity.
So everything must be on the table, priorities established, and consensus reached. Some of the solutions that have been produced can be found here.
You Can Help
Through cutting edge fiscal research, creative advertising, coalition building and common-sense legislation, Ending Spending is leading the fight to defeat the debt. But we can’t do it alone and urgently need your help. Here are 3 easy things you can do right now: