More from Michael Bordieri

U.S. Politicians: How Not to Behave

By Michael Bordieri,  July 12, 2011, 01:47:15 PM EDT

Every parent endeavors to instill in his or her child the tools they need to become moral, clear-thinking adults. To accomplish that goal, parents teach their children concepts like sharing and compromise. While the latter may seem exceedingly difficult at first to grasp, it is actually quite simple: You give a bit, you get a bit.

Every pre-teen knows how to effectively compromise with a friend, which is what makes the inability of our elected officials to come to some sort of agreement on a debt ceiling and a new budget all the more infuriating. Reading through the endless reports of the ongoing discussions in Washington, it's very easy to forget that we're not dealing with babies here, but rather grown, educated men and women. 

Haven't we all had enough of this? If our publicly-elected officials fail to extend the debt ceiling by the August 2 deadline, it could have far-reaching and lasting consequences on the U.S., including the loss of its sterling credit rating.

Someone needs to zap these politicians back to reality. It's time to make tough choices and work together. Speaker of the House John Boehner is just as guilty as President Obama of using old political tricks to obfuscate voters. Ultimately, it comes down to this: Both Republicans and Democrats are right - and wrong.

Yes, Republicans are correct in their assertion that the government has over-extended itself over the past decade, spending money it didn't have in areas that were exceedingly unnecessary. On the other hand, their calls to take a chainsaw to the budget, eliminating a number of critically important social programs is uncalled for and a cheap political trick.

On the other hand, the Democrats are right to defend against such attacks on welfare and Social Security, but they must also concede that cuts must be made and yes, some will hurt. Some people will lose their jobs and others will have their government funding cut.

Still, the Republicans' contention that all cuts can be made to the budget and that taxes will not have to be raised even the slightest bit is illogical, unfair and foolish. If we're going to turn this economy and country around, we need leaders who at the very least are able to demonstrate the ability to compromise some ground for a common good.

Right now, they're setting a pretty good example for school children - only it's a model of how not to behave.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, Business, Economy, US Markets

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