Perfect storm of taxation and cuts on the horizon

May 23, 2012 14:11

The senate refuses to even vote on a budget. Sen. Hatch explains the disastrous consequences of continuing to ignore record deficits, record spending and record debt along with the monstrous tax increases that will hit Americans Jan. 1, 2013. The continued uncertainty is harming economic growth and job creation.

“The Democrats in Washington that control the senate have not offered a budget in three and a half years, almost four years now. This government has spent close to $10 TRILLION dollars since the the budget was last passed by them.” – Sen. Marco Rubio

Joint Chiefs Chairman Admiral Mullen said our national debt is our greatest threat to national security. Not china, not Iran, not terrorism, the national debt. Think about that.

Even Obama knows the truth about debt. Here is what he said before he was able to by votes with your grandchildrens’ money:

In 2004 Obama said the “monstrous” deficits were “an enormous problem” when the deficit was $413 billion. In 2008 he said increasing the debt would burden our children and was unpatriotic. Every year of his term deficits have been over a TRILLION dollars. By the end of his first term he will have increased the debt more than all other presidents combined. Can we afford four more years of two faced, self serving fiscal insanity?

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Barack Obama

“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” – President Barack Obama on his Office of Management and Budget website.


Can we stand four more years of economic suicide?


Follow Michael Whipple on Twitter

Follow usACTIONnews on Twitter or on Facebook



Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

Interested In Further Reading? Click Here