The Feds’ Disease: Spending! (Part 1)
We all know ad nauseam that Washington’s spending is completely foolish and totally out of control. But will we show ourselves to be equally misguided by allowing those same bureaucratic bandits to stay in office?
Chuck Norris at Townhall.com
EXCERPTS:
Since President Barack Obama took office, revenues have fallen by $381 billion and spending has increased by $508 billion, increasing the deficit from $459 billion to $1.35 trillion. Non-defense discretionary spending alone has jumped 28 percent.
The cumulative deficit from 2010 to 2019 under the president’s proposals would total $9.3 trillion. Washington projects the debt to top $24.5 trillion by the end of the decade, even exceeding the GDP projection for 2019 ($22.8 trillion).
–In a mere 31 months, Congress has added more than $4.4 trillion to the 10-year spending base line. In 2005, total federal spending was only $2.47 trillion. (What about that recession the Obama administration “inherited”?)
–According to the Bureau of the Public Debt, as of Aug. 20, after just the first 19 months of President Obama’s four-year term, the public debt grew to $8.83 trillion, an increase of $2.53 trillion.
But he then spoke out of the other side of his mouth when he informed the American public that he was proposing a record-breaking $3.8 trillion budget for fiscal year 2011, which equates to spending $7.3 million a minute. (The federal budget was only $1.9 trillion in 2001.)
If our country is to survive, let alone again thrive, we must elect only those who show proof of fiscal discipline, refuse under all circumstances to increase our national deficit, disdain special interests, commit to pass and live under a constitutional amendment for a balanced budget, and would cut spending radically.
FULL STORY
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