by William Bond

Created on: August 12, 2011   Last Updated: August 18, 2011

On August 1, 2011 the Congress of United States voted on S.365, the Budget Control Act of 2011; this legislation developed by President Obama and House and Senate leaders on both sides of the aisle was to avoid default and take the necessary steps to address our nation's deficits. It became clear that the United States could not default on commitments the United States already made in good faith. Without the increase in the debt level it would hurt seniors, many on Social Security and Medicare and Medicaid, troops in the war fields, veterans benefits, border security, and many others were owed money by the United States of America. Debt is the culprit to the down grade.

Debt is the culprit to Americas problems.

Every American who has a credit card knows that if you charge too much debt on your card, without the income or money resources to pay it back it can hurt your credit reputation. When you owe excessive debt, the credit card company wants to know how you expect to pay it back, and how soon you can pay it back. You need to convince your credit card company of your plan to pay it back. It might  affect your credit rating, just like it did to the United States of American which held  the excellent credit score of AAA since 1917.  It  was downgraded by Standard and Poors to a AA rating.

Programs need to get back our AAA rating.

America needs to show the world that it has the capacity to take a hard look at the spending during the last few years, also to break the spending into essential and non-essential spending on both the federal and the state level.  Each state must work hard to get the most out of their spending programs so they are not dependent on the federal government in the future. As a result of the compromises made in the debt ceiling increase, the director of the United States Office of the Management and Budget said that the plan included significant spending phased in over ten years which would not damage our recovery. One major contribution to reduce our debt is to wind down the war spending in both Afghanistan and Iraq.  What about reforming our tax codes?

Spending cuts are crucial-what about more revenue building measures.

What not tax the wealthy tax payers more? Especially the large oil companies charging $4-5 dollars for a gallon of oil, a reforming  the tax codes so they will be fair for the American workers, and make rich taxpayers pay their fair share. What about the closing the loops on companies in America who ship  jobs overseas to save money, while American worker loses out on these jobs. Give your ideas to your senators and house members that could save money or increase revenue for America. We need your help.

Send your ideas to Washington, your house member or senator.

Why not build a powerful computer with all jobs in American, broken down by each state in America. If you are a accountant, consider taking a job in another state to get back to work again; if you are a teacher, consider getting a job in your state, or another state, or even outside the country.  Getting out of debt is not going to be easy, it may take years, but with your help, we can become a better, stronger and financially sound America again. We need your help. You can do it. Just try.    

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