December 2009
Posted by: administrator
In a report released today, a bipartisan commission warns that the federal government is piling up red ink so rapidly that the total federal debt could reach 85 percent of America’s gross domestic product (GDP) by 2018, 100 percent by 2022, and an unthinkable 200 percent by 2038.
Of course, these projections were made without adding another trillion dollars in federal spending to finance a government takeover of health care.
Any citizen who cares about the future of this country must be frightened by these numbers. The debt is adding up almost faster than it can be counted. According to the bipartisan report, our nation’s debt level soared from 41 percent of GDP to 53 percent in the last year alone.
The President and his liberal allies have lost touch with reality. America is still in a recession. Unemployment is stagnant at around 10 percent, with the true unemployment rate likely hovering around 17 percent when those workers who are so discouraged that they are no longer looking for new jobs are included. That means nearly 1 in 5 Americans is out of a job this Christmas season. Nearly every American now knows a friend or family member who doesn’t know when or if another paycheck will come.
Against this backdrop, the Obama Administration and its liberal allies in Congress want to spend another trillion dollars of taxpayer money to put bureaucrats in charge of your health care decisions. This very afternoon, President Obama is meeting with the Democratic members of the Senate to set up the final push to enact his health care takeover.
From the beginning of his term, President Obama’s solution to nearly every major problem we face has been to print more money. From the bank bailouts to cash for clunkers, and now to health care, the Obama Administration seems to believe there is no problem that cannot be solved through raising your taxes and spending your money.
Left unopposed, the Obama Administration would add more red ink to the federal deficit than was accumulated from the nation’s founding to the beginning of his term. President Obama is burning up your children and grandchildren’s credit cards to finance his own political aims. Please, stand up, talk to your neighbors, get involved, and tell the White House and the liberal leadership in Congress that enough is enough.