An American Profligacy With Credit Is The Real Crisis

It has become an American way of life that now must change. Americans have made charging- up credit cards and floating credit their way of life, basing their economic lives on advancing credit, becoming a society of debtors. Our profligacy, attitudes and resulting behaviors have brought about a society based on creating disposable products and waste You see, capitalist (those wealthy Americans that republicans protect) dont want products to last; if products were to last, their profit would diminish. And capitalist make considerable profit from keeping people in debt. They have no intention of reducing profligacy or in making America a better and more secure place in which to live but only to increase their wealth, and republicans help. The economic crisis we are in is the result of unbridled capitalist and their investors gaming the system, compounded by their selling the merriment of profligacy based on credit to Americans, a government who did the same, and failed to foresee the consequences or to take action. Furthermore, no matter what way one wishes to cut-it, and despite all the hoopla that our economic disasters can be blamed on both Democrats and Republicans, which to a certain extent is true, the fact remains that when our last President took office in 2001 he started with a surplus. However, motivated by that surplus, Republicans under Bushs leadership gave tax breaks that benefited Americas more affluent (those capitalist), increased military spending and initiated two wars, legislated a Medicare prescription drug benefit, and recklessly increase borrowing to pay for it all. At the July 15 Republican Leadership Press Conference it was said, they [a failure here to recognize they are included and are a part of the problem] have got to cut up the credit cards. Of course, but not only our government but every American as well. But can you imagine if Americans were to cut up their credit cards, those wealthy Americans to whom republicans wish to give tax breaks would be the biggest losers. An upper-class Americans quality of life more than anyone else is dependent on credit, but of course more than anyone else also can afford it.

Republicans have said, the president and previous Congress have been on a spending binge and House Republicans are putting forth a plan -- "Cut, Cap and Balance" in order to save our economy for future generations. Its obvious the republicans dont understand a bipartisan plan is what the President and they are negotiating. It seems counterproductive to introduce a debt and deficit spending plan outside of negotiations with President Obama if they were faithfully committed to a bipartisan plan. The republican leadership has said they want to change the system. However the real change that must occur cannot be legislated, it cannot be coerced, change will only occur when American attitudes and behaviors change. Unfortunately, the media, the Tea Party, republicans, and those who are selfishly concerned over political consequences have molded these attitudes. They are more concerned over protecting the wealthy and corporations than in helping all Americans, including Medicare, Medicaid, and Social Security recipients. Moreover, they are hell-bent on destroying these programs that have been Americas lifeline over increasing (removing the Bush tax break and loopholes on the affluent and corporations) on very wealthy Americans -- not poor people; not folks who are dependent on Medicare, Medicaid and Social Security -- who have put us in the economic position we find ourselves. Republicans say we do not have a revenue problem; we have a spending problem. Thats not true on Main Street; Main Street has a revenue problem, to a certain extent as a result of their inexcusable judgment and to a greater extent on their governments inexcusable judgments as well. A revenue problem that can be diminished by not protecting the wealthy and corporations. Scholars with the Eisenhower Research Project at Brown Universitys Watson Institute for International Studies report that Nearly 10 years after the declaration of the War on Terror, the wars in Afghanistan, Iraq, and Pakistan have killed at least 225,000 people, including men and women in uniform, contractors, and civilians. The wars will cost Americans between $3.2 and $4 trillion, including medical care and disability for current and future war veterans. Americas profligacy, dependency on credit, and predilection to war [3. 2 to 4 trillion dollars worth] are whats got to change. Meanwhile U.S. politicians continue to play a game of chicken with Americas debt ceiling and scaring the bejesus out of Americans if they fail. How more irresponsible can they get?