Ten Trillion and Counting

This front line video that I watched is about the national deficit and how it has spiraled out of control during the past eight years under the Bush Administration. There was a surplus during the later years of Bill Clinton's presidency but it slowly started going down after George Bush took office in January of 2001. When George H. W. Bush was president, he put in order a pay as you go plan that required the government to find a way to pay for everything that it spends. It was extended when Bill Clinton took office but expired eight years later. Just like this graph shows, it will take years (and money) for the government would turn the deficit around into a rare surplus.

About this "pay as you go" plan, George Bush didn't bother to extend it and nowadays, Barack Obama said he wants to have it reinstated again because it requires the government to be more financially responsible with taxpayer's money. If there is something somebody wants either it's a congressman, a senator, or even the president himself that is expensive, they have to pay for it someway by cutting spending somewhere else or by raising taxes; then if this cannot be done, then this bill will be dropped in Congress or the president wouldn't even bring it up to Congress.