A Fiscal Responsible Government

I have written many times in past commentaries concerning the federal budget deficits and debt that has been the republican trade mart of the last 3 republican Presidents and how their ideology of trickle down economics has failed.  Those commentaries were made long before the economy crashed, the wall street financial collapse and the massive job losses that have occurred over the past 15 months.

 

It was pointed out in those commentaries how the republican ideology and a lack of a true fiscal and economic policy failed to create a sustained economy and a sustained job creation for the American people.  The country and its people are now living through the carnage and the government has embarked on a massive stimulus plan to turn things around.  I also spoke about the greed of corporate America and how innovation has been lost in America, especially in the automotive industry.  It should be noted no other form of news media were talking about those issues at that very early time. 

 

Now, the news media is paying a considerable amount of attention to all of those issues.  President Obama"s commitment to put the U.S. on track again to balance the federal budget and have a sound fiscal policy has gotten little attention in the news media however, which is very unfortunate. 

 

The President has already started the ball rolling to put the country back on a sound fiscal policy.  He has already ordered his cabinet to identify programs that are outdated or not working and in his radio address to the nation on 4/26/09 called on congress to pass "pay as you go" legislation to deal with the budget problem.  He also said, government must act the same way any responsible family does in setting its budget.  The President's initiative to stabilize the economy will result in larger federal budgets for awhile.  That has been compounded by record deficit spending by the Bush administration for eight straight years.

 

The Presidents desire to return the government to fiscal discipline should be given that chance and the American people should make it be known they too want their government to be fiscally sound and balance the federal budget.  No one really knows how much money the federal government waste each year but if our leaders really want to do the right thing, I believe the government could afford those things that really matter to our country and its ;people without creating more debt.  The Presidents leadership in this will make a difference.