Today in the news, John Boehner revealed "there is no immediate debt crisis" in the country. This stunning revelation, of course, contrasts the dim picture reality paints across our great nation.
Have politicians in Washington become so arrogant as to think they can change the truth with mere words?
Federal employees were recently furloughed. Certainly they would want to know the rationale behind such an action, if not for a "debt crisis". In fact, Federal employees have failed to secure any cost-of-living increase since 2010. The government continues its practice of borrowing funds from Federal employees pensions, also known as the G Fund, simply to make ends meet at the end of each month. And the Federal Reserve continues to spend 85 billion on bond purchases to maintain the current manufactured interest rates in an effort to stimulate economic growth. This is a massive effort on the part of the government to control the market artificially, as evidenced by the Federal Reserve holding 1.66 trillion in U.S. Treasury bonds.
Simply put, the government cannot pay its bills. The National Debt has continued to increase an average of 3.86 billion dollars each day. At the end of the fiscal year of 2013, the total government debt is expected to be 20.541 trillion dollars. Of course, this is prior to the implementation of Obamacare in 2014; the cost of which delves into the unknown. Every time Americans turn around, the government is in crisis mode for fiscal reasons. In 2012, for the first time in our history, America lost its triple A credit rating. S&P affirmed the downgrade and asserted, "political leaders aren't addressing the federal debt burden".
How ironic. Perhaps John Boehner needs to read that report. He perfectly illustrates how political leaders are failing to address the debt burden with his indication that it does not exist. He is emblematic of the problem in Washington. Numbers don't lie. People do. Ignoring our problems and capturing a news cycle with an irresponsible statement indicating "There is no debt crisis in America" will only be remembered in terms of one person in Congress not representing the interests of Americans and subsequently falling into the ranks of the unemployed from a failed reelection bid.
Americans have stopped believing in Congress with good reason: Congress no longer represents the plight or interests of Americans. They are much too busy representing themselves.
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