The National Debt just blew past $18 trillion, a $7.4 trillion increase since President Obama took office, of an increase of 70 percent. The president and Congress are incapable of resolving the debt crises and the related spending crises. The “Sequestration Act” is a bad joke, a 2.9 percent savings, $110 billion per year, from a yearly expenditure of $3.8 trillion.
We are the greatest debtor nation in history, with no solution in sight. The debt is being forwarded to our children, grandchildren, and future generations — a generational imposed indebtedness. Contact President Obama, as well as Senator Feinstein, Senator Boxer, and Representative Capps. What are their solutions? What responsibility do they have to us and our children, grandchildren, and future generations, and the survival of our nation and people? Do they comprehend the debt crisis?