National Debt–a visual

MoonHowler

From the Boston Globe:

So why is President Obama the villain in all of this?    At what point are the Republicans going to admit their culpability in extreme debt over 8 years?  Any time it is brought up, Obama is accused of trying to blame Bush.  Well…we need to stop blaming anyone.  However, facts are facts. 

Financing 2 wars and a drug program and cutting taxes caused the problem.  There was more going out than coming in.  It is a relatively simple math problem.  I liked having a tax cut.  Who wouldn’t?  But it contributed largely to our current situation, given our expenditures during the Bush years.  Let’s all just be honest where it came from and come up with solutions to fix the problem rather that racing right up to the edge of the cliff over ideology. 

The S & P also needs the American people to collectively give it the finger.  Where was that agency before the Crash of 2008?  Obviously playing switch. 

 

Tea Party candidate appears to be in debt

MoonHowler

Tea Party Senate candidate Jamie Radtke apparently isn’t practicing what she preaches.  On Friday she  stated on her website that she was running for office because of the fiscal “ineptitude, mismanagement and irresponsibility” of the nation’s current leaders.  However, it appears her own house isn’t in order.

According to the Washington Post:

The larger problem for Radtke emerges further down in her report. As of June 30, she had $46,000 in the bank and $84,000 in debt. While about $6,000 of that total is money Radtke owes to herself for campaign expenses, roughly $70,000 is money she owes to various consulting firms.

Asked for comment, Radtke’s campaign turned its guns against Allen.

“Here are the facts: When this campaign is over, Jamie’s debt will be paid and gone,” said Radtke spokesman Chuck Hansen. “Meanwhile, the $3.1 trillion in debt George Allen voted for while senator is still on our books.”

It’s not uncommon for campaigns to owe money to vendors, but it’s relatively rare for candidates to have more debts than money in the bank. And given that Radtke isn’t nearly as well-known among Virginia voters as Allen is, it’s widely assumed in state political circles that she will have to improve her fundraising if she hopes to mount a strong challenge in the GOP primary.

I don’t care if the lady is in debt or not.  Campaign financing is obscene to me anyway.  It takes one’s breath away.  But isn’t Ms. Radtke a little on the hypocritical side to be in debt herself all while telling us that the current national leaders are inept, irresponsible and mismanage their financial  responsibilities?

Radtke needs to learn to run with the big dogs or stay on the porch.   She also needs to tell her IT staff to check for code error mistakes on the website.  Ouch.