When Minnesotans’ read the paper or the internet tomorrow, they will find that the action taken by the House of Representatives violates all common sense. It was reported that “The House voted Tuesday to approve another stopgap spending bill, despite mounting opposition from conservative lawmakers fed up with short-term budgets that only cut a few billion dollars at a time.”These short term spending bills may keep the government going but they don’t address the most pressing domestic issue we face today, and that is our national debt.
Our lawmakers have to be reminded that we are $14,000,000,000,000 in the debt. Any budget that gets approved must address this debt. And even though we are approaching the debt ceiling, they continue to make these short term spending bills, with few cuts, without addressing this issue, which becomes more paramount each passing day that it’s delayed. It’s a known fact that there is sacrifice required on all fronts to get our spending under control, but why isn’t this happening now? Perhaps, some of these lawmakers are afraid of losing their jobs. Perhaps, all other events in the world are overshadowing this issue. Perhaps, they don’t think anything serious could happen to America which would require a large amount of funds to help it recover.
Japan should be an example for us. Much like the American government, they subsidize their economy, and their debt has exceeded 200% of their GDP this year. Even though they have this massive debt, things appeared unchanged for the Japanese people until last Friday when they were hit with an earthquake and title wave. Now, their cities on the north east coast have been wiped out, thousands of people have perished, four of their nuclear reactors are undergoing meltdown, and their economy is teetering towards collapse. In short, the Japanese government doesn’t have the money to pay for its recovery because of the debt. This natural disaster, culminated by their lack of funds, could produce for Japan a real possibility of national ruin.
Therefore, the common sense solution isn’t to keep passing these short term spending bills to address our budget and debt problem. Instead, we ought to tackle it head on so that in the future, if we face the same challenge that confronts Japan today, we’ll at least be financialy prepared to endure it.
House Approves Stopgap Spending Bill Despite GOP Defections
Published March 15th, 2011