USA TODAY on-line has an article today about unknown foreigners buying into CSX Railroad. The declining dollar and America’s collective debts are leading to small and large scale selling of America assets to foreigners who may or may not share America’s ideals, and Senators expressing concern.
(http://www.usatoday.com/news/washington/2008-06-04-railsecurity_N.htm?loc=interstitialskip )
This is another sign that America's (Gov't, Businesses and Individuals) overspending and debt is coming home to roost. Politicians of both parties refuse to acknowledge that we have to pay for what we buy. Republicans especially are guilty of hypocrisy in both saying they believe in fiscal responsibility, but refusing to pay for their war spending and even worse demonizing government to create self-serving political barriers (mostly through misinformation and fear) to fair and adequate taxation.
It is hard to not fulfill all our desires – myself included, but we must hunker down, buck it up, tough it out and take the necessary action to restrain our spending. I believe our biggest error/sin/brokenness (however you want to characterize this) is our opulent living – again I am just as guilty as the next person, but now is the time to come to the aide of our country and our children’s future.
I believe electing Barack Obama President is the most important collective action Americans can take after individually reigning in our own spending and helping our families and friends who might be part of the painful economic fallout that will be a big, unfortunate part of this corrective action. Senator Obama’s refusal to play the same old games with a wink and a nod as demonstrated by his refusal to support a gas tax holiday is clearly a sign of great leadership that the country sorely needs.
Remember when the current president took office the federal government had annual budget surpluses and was paying down the long term debt. Greedy Republicans had the power to say budget surpluses are bad things so they cut our taxes and did not pay for a foolish war and on going occupation.
Say no to buying that next thing you really don’t need (repeat) and say NO to republicans in November.
Thursday, June 5, 2008
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