- Posted September 6, 2012 by
This iReport is part of an assignment:
Election 2012: Your stories
Will the President Tackle the National Debt Tonight?
When President Barack Obama was sworn in as president on January 20, 2009, the national debt was $10,626, 877, 048,913. As of today, the national debt stands at $16,008,060,301,079.15 and growing even as I type and speak. In less than 4 years we have indebted our grandchildren and great-grandchildren and beyond with over $6 trillion of red ink.
The big question tonight is if the President will address this unsusutainable situation which threatens to bankrupt the nation. Will the President offer any specifics on how we are going to get out of the deep hole which seems bottomless?
Reportedly those who have seen some of the excerpts from tonight's speech, the President plans to say that he has a plan to reduce that debt by $4 trillion over the next 10 years. That is a good start, but is it enough?
Those supposedly in the know are reporting that there seems to be a scarcity, however, of specifics in the President's speech. From those supposedly in the know, the President wants to frame the direction tonight forward to the future and not looking back at the record over the last nearly 4 years. Rather than it be a referendum on his performance tonight, the pundits say he wants to make it about choosing a path into the future.
This is more interesting when poll after poll continues to show over 60% of the nation believes we are headed in the wrong direction. We are not on the right track.
The President is asking us to give him another 4 years and yet, people keep saying that we are not going down the right path. So, does he plan to offer a different road to travel than the one he has taken us during this 1st term?
Is the President really serious about starting to pay down the national debt or will we hear tonight more political promises without substenance to believe those promises will be kept?
From the Cornfield, to me what we do about the national debt makes a difference. I'll never live to see it paid off, but I do not want my grandchildren and their grandchildren paying for our mistakes.