Wednesday, May 26, 2010

Federal Spending Out Of Control

As the United States approaches $13 Trillion in debt, which does not include another $150 Trillion of liability to fund Social Security, Medicare and now HealthScrare, the Socialists that control Congress are getting ready to pass a Supplemental Spending Bill that represents another $300 Billion of unfunded spending. This includes $84 Billion for our war effort in Afghanistan and Iraq along with disaster aide to Haiti, $23 Billion to prevent teacher lay-off's and $6 Billion to fund Pell Grants for low income college students. Why on earth are we funding a war effort in Iraq, when Iraq has oil that can be used to fund these expenses? And, we were told that Obama's SwindleUS Plan would prevent teacher lay-offs. In any case, rather than cutting other programs, or expenses to fund these things, the Socialist controlled Congress is once again just signing checks. This means more borrowing from the Chinese and others to fund these expenditures just adding to our national debt.

The question is, when does it all stop? The federal government will take in $2.3 Trillion in tax revenues in 2010 and spend $3.9 Trillion resulting in a deficit of more than $1.6 Trillion, the highest in American history. Our nation is on the road to bankruptcy and becoming a banana republic. Moody's has said that by 2013 if this level of deficit spending continues, the US will lose our triple AAA credit rating. If that happens, when the US borrows in the future, interest rates will be much higher, which will only make matters worse as more and more tax revenues are needed to service the debt, rather than fund other government expenditures.

The Tea Party Movement along with many others are sounding the alarm bells. Yet, the Socialist who control Congress and President Obama continue to ignore all of this as they spend our nation into bankruptcy. As such, we must take back our country in 2010 and 2012 by electing Conservatives who support free market capitalism, limited government, a balanced budget, lower taxes and less regulation, term limits, a strong national defense including securing our borders, real energy independence and health care reform, the right to bear arms, the sanctity of life and family values. Most of all, we must elect Conservatives who support the Constitution, as written by our Founding Fathers, not as contrived by our current Socialist President, Congresses, or the Courts. We must get back to basics to save our country. We can do it. We will do it for the sake of our children and grandchildren.

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