With Obama’s election, people had high hopes that perhaps he’d be able to do something about the big dent in America’s economy — but it seems that he’s made no difference so far. Some people have put forward the argument that perhaps its not possible to bring about change and that it takes time… but really, we should have seen some sort of action plan by now, which we haven’t. It begs the question: will the US economy ever recover from its $14+ trillion debt? Hopefully it does, but under the current grim circumstances, its highly unlikely.
Of course, drastic actions can be taken to cut down the government spending, use some of the budget funding towards paying off the debt — but with a nation that focuses so greatly on powering its military, occupying foreign land to enforce “democracy” and taking part in useless diplomatic issues to attain a political standpoint, its highly unlikely that the US will ever recover from its debt. Looking at the most recent example in Libya, the United States invested a total of $550 million in just a week in “bombing” the nation to protect it from government oppression.
Come on Obama, your country is in $14+ trillion of debt, rising at a steady rate of approximately $4.9 billion per day, spending $550 million on a issue you had nothing to do with won’t really help the citizens of this nation. Unfortunately, I’m not going to sit here and provide resolutions on how the economy may have a chance to recover — of course people have theories, but nothing will work for certain unless implemented and tested (trial and error). What do you think should be done about the rising debt of the US economy?
Check out the national debt clock