The United States
of America had a deficit of $1.3 trillion in 2012. That’s trillion with a t.
That number is tough for some of us 99 percenters to fathom so I’ll write it out.
$1,300,000,000,000. And that’s just the annual number. All told, our country is
in debt to the tune of around $16 trillion. Almost half of that debt is owed to
foreign investors, China and Japan being the two largest. These sobering
statistics provide some back-drop to the current “fiscal cliff” drama that is
playing out between the Obama administration and Congress over how to lower our
debt without dipping the country into another (or worse) recession. Obama and
some of the more left-leaning Democrats believe we should raise taxes on those
making over $200K per year in the form of not renewing the Bush-era tax cuts that
are set to expire at the end of December while extending those cuts for anyone
making less than that threshold. John Boehner, Mitch McConnell and their
rightwing Republican counterparts want to extend those tax cuts for all
Americans, no matter their income level, and believe the deficit should be
reduced via cuts to domestic spending, i.e. welfare benefits for the poor. Both
parties have been steadfast in their refusal to bend on these stances and if a
compromise isn’t reached in the next month, the result will be a higher tax
bill for all Americans. Estimates put that tax increase at $2000-$3000 per
American family.
Neither of our
two major political parties is tackling the problem properly. Raising taxes per
the Democrats’ plan punishes the very business owners that we need to create
more jobs. The less they can profit, the more wages, benefits, and jobs they’ll
need to cut. On the other hand, cutting benefits to the poor, elderly, and
unemployed in an already weak economy will only drive us further away from being
a land of equal opportunity and closer to the type of caste system found in
India and Pakistan.
What we should do
is reduce the size of government, create tax policies that foster bringing jobs
back onshore, legalize and tax marijuana, and most importantly, pull our troops
and funding out of the Middle Eastern countries that pretend to be our allies
only to repeatedly stab us in the back. The wars in Iraq and Afghanistan are
estimated to cost our country four to six trillion dollars when all is said and
done. Obama’s proposed 2013 budget earmarks over $8 billion dollars in aid for Iraq,
Afghanistan and Pakistan alone. That doesn’t even include the billions set
aside for “friendlier” countries like Israel, Jordan, and Egypt.
Earlier today,
Iraq’s representative to the Arab league, Qais al-Azzawy, told that body "Iraq
will invite (Arab) ministers to use the weapon of oil, with the aim of
asserting real pressure on the United States and whoever stands with Israel.” This is a representative of the country
that we spent trillions of dollars and thousands of American lives freeing from
the tyrannical grip of Saddam Hussein telling his fellow Arabs that they should
charge Americans more for oil in order to pressure us to leave them alone in
their mission to destroy Israel.
Meanwhile, Pakistan
holds our supply routes for ransom, demanding astronomical fees on top of the
billions of dollars we already provide them while they spent years protecting
the architect of 9/11, Osama bin Laden. I don’t think anyone in this country is
naïve enough to believe that Pakistani officials wouldn’t have spirited bin Laden out of that
compound if Obama had given them warning of our Navy SEALs mission that night.
Enough is enough.
Spending must be reduced and it needs to start with slashing the funds to these
foreign cutthroats. Let them fight their own battles and fund their own nation
building. We have a nation of our own that is crumbling while our leaders’ eyes
are across the sea instead of focusing on what they were elected to do.

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