When it comes to the deficit, spending, and our national debt, both parties are to blame. The GOP is more inclined to pretend they're worried about it or to promise that they'll address it, but the plain truth is, BOTH parties are spendaholics. The only times that our deficit has grown more slowly or actually shrunk is when our economy is booming, firing on all cylinders and generating revenue through growth. But to hear the GOP whining about the effects of the recent green new deal bill falsely named as inflation reduction, or to hear them complain about the student loan forgiveness on the basis of deficit is at best disingenuous. Not that those complaints and concerns aren't valid, but simply that the GOP is no better. They just spend different, but they spend. And spend. And spend.
A couple are in a financial debt crisis. They make about $65K a year and have a small mortgage, two car payments, and a boat they make payments on, too, totaling $2000 per month, or $24,000 a year. That wouldn't seem to be a big problem, but each of them likes to spend.
He plays golf every Saturday, and twice on three-day weekends. He regularly shops at Lowe's, Home Depot, and Harbor Freight Tools for all the tools he 'needs', and always has the newest cellular phone and electronic devices.
She has expensive tastes as far as hair, nails, and clothing, and like him, likes to do her shopping. Her favorite pastime is spending Saturdays (while he is off golfing) at the outlets or boutiques with her best girlfriends lunching, shopping, and having a few premium cocktails. She loves Amazon, and they have a box or two delivered every day or two. After all, she knows all the stuff they 'need' for their home, and Amazon seems to always have a great deal on the right stuff at the right times.
Together, their biggest expenditures are for vacations, especially those long weekends away at the lake with their boat, partying it up with their closest friends. Those weekends at the lake are amazing. Their cellphone plans total almost $200 a month, and cable, internet, and streaming video subscriptions total $273 per month when added together. It suddenly dawns on them that they have $90,000 dollars in credit card debt, spread across 7 or 8 different cards. She just found out she's pregnant with their first child, and he's been notified he's being transferred to a different location for work and starting next month will have a 35+ mile commute. They are in a very heated argument right now, as a debt collector has been pestering them about late bills. Each says it's the other's fault. Neither sees their collective spending of $110,000 a year while making only $65,000 a year as a problem at all, but both of them see the other's spending 'needs' as the root cause of the problem.
Ladies and gentlemen, the Republican and Democratic parties. ^^^^ Both parties think they spend on the right things Both parties spend too much. Both parties truly believe it's the other party's fault we're in this mess.
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