Let it be told: The Hype on National Debt

Obama confronted Mitt Romney's accusations about excessive federal spending, calling it out as a "cowpie of distortion." True enough, the debt ceiling is blown through the roof. But the question is, what's going to give. while our country hang's in the balance. Distress is rising over government spending and high budgets.

   With the issue of federal spending being as much of concern as the job market, republicans are luring attention to government guidelines to take back control of the U.S. House after 4 years of Democratic rule. These days, the economy remains the first priority in the minds of the voters. Which will explain Mitt Romney's consistent badgering over Obama's handling of federal spending and the national debt: "Sweeping across the nation, threatening the country's future." He went on to talk about inflating the debt, ballooning the federal budget deficit with the 2009 economic stimulus and holding that Obama promised to cut the health care bill.
     But looking at reality of the economic situation, it would still cost to fix the problem. How can you expect a change as drastic as the one we're looking forward to, and not expect  to spend any money. The Bush administration created a catalyst of spending that would have left any president with there hands full. While campaigning in Colorado, California, and Iowa last week, he argued that federal spending slowed to rates not seen in decades. After inheriting a $1 trillion large debt, he pushed for $2 trillion in spending cuts. The president pointed to Romney's tax proposal, saying it would give millionaires tax cuts at the expense of the debt.
     Obama clarified Mitt Romney's trumped accusations, calling his claims a "cowpie of distortion." and would saddle the debt with $5 trillion in new tax cuts, putting the so called prairie fires out with gasoline. "What happens is", Obama says, "the republicans run up the tab, and then we're sitting there and they've left the restaurant." again Obama said at a campaign event in Des Moines, "and say who order all those steaks and martinis?"
   In turning attention to debt, republicans are tapping a winning issue they deployed in congressional races two years ago. in October 2010, Republican pollster Wes Anderson said congressional campaign shifted away from jobs and economy, to trying to make the public focus on a scare that government is taking us over the cliff. A very common but effective political tactic to persuade the public.
   The White House has responded to this with cold hard facts. White House Press secretary Jay Carney cited an analysis by Market Watch that said spending under Obama had slowed more than any president since Dwight Eisenhower. Obama backed up the report telling donors in  Denver that his work to pay down the federal debt in a "balanced and responsible way is starting to appear in places since I've been president." "Federal spending has restrained at the lowest pace in nearly 60 years." Market Watch is published by Dow Jones & Co., Which also publishes the Wall Street Journal.