We have potential America!

Throughout careful examination, research, and outlook into the activity of the government, one could find it completely obvious and resultant of three main factors contributing to the national debt. If the newly elected leaders of America pull troops out of Iraq and Afghanistan, eliminate pork and barrel spending, and grant Barack Obama the line-item veto power, our nation will begin to repair the severe financial deficit, and repair the U.S. economy. There are many ideas towards repairing the currently damaged economy, throughout this essay, only a few will be mentioned. The possibilities are endless and ideas are increasingly open for discussion. The introduction of these ideas, although come from a personal view, are completely significant and idealistic with regard to the our severe financial problem as a nation. Although the problem seems to be non-influential towards the everyday working man or woman, this negligence could be an enormous issue if it is not handled properly soon.

The war in Iraq is currently costing the United States seven billion dollars to conduct. Secondly, according to the national post, the military operations in Afghanistan are expected to top one billion at the end of this year. Some Americans support our insertion of troops into these countries without knowing why the placement was purposed to start with. When Bush claimed the possession of weapons of mass destruction in 2003, and proceeded to bomb Iraq, the spending began. Everyone knows now that there have not been any findings of such weaponry; however we are still factoring in the spending of being present there to this day. The third major cause of the severe national debt is due to pork barrel spending. For example, the bailout bill had millions of dollars of pork, including contributions for a souvenir bow and shop.

            As far as consequences from this economical problem, many ideas become apparent. One serious affect of this national financial deficit is inflation. The devaluation of the dollar is creating enormous issues. Not only does this cause suffering for the American people’s spending, but also elevates the worth of the euro. Another factoring causation from this issue pertains to increasing interest rates on loans.

            We do have these problems. However, there are always alternatives, which electing a new president was an excellent start on the process of the transition. With the entrance of a new leader of our nation, we need to act accordingly by supporting Obama and granting him the “line-item veto power”. This would enable the president has the power and ability to veto individual parts of legislation rather than the legislation as a whole. With this idea, millions of dollars can be utilized in more productive manners. To piggyback onto alternative functions to reduce government spending, we must pull out of Iraq. One could find it safe to assume that taking out their former leader and helping to establish order over the past half-decade, our help has been significant. The last idea for a potential fixation on America’s debt would involve passing the automotive bailout. In the interim, the national debt would increase; however, it can be considered an investment that will accelerate the BIG 3 into the future! While this idea seems to be non-productive towards the economy, with the BIG 3 increasing revenue, the loan would be quickly paid back, leading to a very much needed boost in the economy. Rather than accepting loans from foreign countries such as China, in the form of government stimulus checks, investing funds on American busines’s would be presumably much more efficient in looking towards the future of our economy. Limiting these bailouts would be key in patching one of the biggest wholes in the recession and the current and present economic downturn over the past decade.

            A message needs to be addressed to the American people. Black Tuesday seems to be inching closer to an encore each month. With the right tools and ideas, we can save the economy, which includes all classes and wages. If the newly elected leaders of America pull troops out of Iraq and Afghanistan, eliminate pork and barrel spending, and grant Barack Obama the line-item veto power, our nation will begin to repair the severe financial deficit, and repair the U.S. economy. Throughout the next presidential term, we as Americans can only hope that current economic status is to be written in a history book as a simple fluke, due to a possible misdirection with the presidency. Obviously the American people see hope and light with the president elect, reverting to the “blow out” victory in the election.