US Government Going Broke?

To many politicians and accountants it appears that the US government could be going broke in the near future. I was thinking to myself last night that within the next five or ten years - the problems that the State of California are now facing might be the same ones that the US government will face as our elected leaders continue to spend more money than they take in through taxation. For far too long Republicans have blamed the Democrats for overspending while at the same time Democrats have blamed the Republicans for too many tax breaks for the rich.

Rather than continuing the same old blame game that has put us all into a financial mess, it's time for someone from some political party to stand up and tell the truth to the American people. That hard truth is that both the Republicans and Democrats have over promised what is possible for government to deliver and soon a day of reckoning will appear and no one is going to like what the day looks like. For decades, Congress has just "kicked the can" down the road when it comes to acting in a responsible way and just like any regular person, there is always a limit to how much can be spent before totally bankruptcy becomes the only viable option.

While I blame most of today's financial problems on politicians in Washington, we the people are just as much to blame as they are because we keep sending them back to office despite their previous bad behavior. The reason is simple. One mans pork project is another ones government supported job - so no matter how much Americans complain about crazy pork ridden spending by the Congress, at the end of the day if that money is coming back to their community - they don't want it cut. When it comes to government spending, most Americans are hypocritical in how the federal government should spend our tax money.

Right now while the US government is close to going broke, President Obama and Members of Congress continue to increase government spending to record high levels. Of course, just like the politicians of the past - the current ones in Washington can spin a good story about why all this new government spending is necessary and they also falsely claim that all of this new spending will be paid for without the US government going into deeper debt. Sadly, I fear that the United States of America will be forced into it's own type of bankruptcy before any of our elected leaders learn to act responsibly. The US government has been living on a high limit Visa card for a long time now, but our credit limit will soon be suprassed.

Title: US Government Going Broke?
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