- Rid Americans of their individual rights, while laughing at the Constitution as just quaint
- Rid Americans of their health care choices and responsibilities
- Rid private employers of employees
- Make bankrupt Fanny Mae and Freddy Mac agencies of the federal government
- Rid private lenders of all future student loan business
- Rid hard working and productive Americans of much more of their earnings
- Rid the owners of GM and Chrysler of their investments
- Force banks and financial companies to take federal loans whether they need them or not
- End any concept of federal government fiscal responsibility
- Saddle the states with huge increases in already unpayable Medicaid bills
- Enlarge all governments and load them up with even more union employees with high salaries and sky-high benefits
- Bring Social Security to spending more in 2010 than its tax revenue
- Drag innovation in medicine to a painful crawl
- Induce doctors to retire early
- Increase medical costs with new taxes
- Increase taxes on investors so they will have less to invest in America's future
- Increase the size of the IRS
- Saddle employers with more tax and health insurance collection and paperwork duties
- Increased fuel costs due to drilling restrictions and increased ethanol use requirements
- Increased fuel costs due to declaring CO2 a pollutant
- Load tons of federal debt upon our children and grandchildren
- Print and spend money so recklessly that some are advocating a VAT lead weight on business
Douglas Elmendorf, head of the Congressional Budget Office (CBO), yesterday said:
U.S. fiscal policy is unsustainable, and unsustainable to an extent that it can't be solved through minor changes. It's a matter of arithmetic.Numbers from the Treasury Department on the fiscal year 2010 federal budget deficit are staggering (from an e-mail from Grassfire Nation):
- A record $220.9 billion deficit in February alone
- For every dollar in taxes and other revenues the federal government took in, the government SPENT $3.05.
- Five-month deficit total: $651.6 billion, more than 10 percent higher than last year's record.
- The five-month total is larger than any YEAR in American history prior to 2009.
- The FY2010 budget deficit is now projected to be $1.56 trillion AFTER stealing from the Social Security Trust fund.
- The CBO projects that interest payments on the debt will total $916 BILLION annually by the end of the decade.
2 comments:
End Abortion nationally or face national bankruptcy. Take a guess at to what percent of our $14.3 trillion national debt ceiling was accumulated from 1791 until January 22, 1973.
I will answer. kbmerriken@gmail.com Kenny Merriken
I suppose you mean that allowing a woman to choose to have an abortion is morally bankrupt. I disagree, but that is not the subject of this post and the issue is too complex to be dealt with in a mere comment.
The year 1973 was the minimum of the National Debt since WWII. The debt at the end of 1973 was $466.29 billion, or 35.7% of the GDP then. The debt now is about $12.833 trillion, so one could say that the pre-(end of 1973) debt is the ratio of the two. This would be 3.6%. Alternatively, if we had incurred no further debt since 1973, the interest paid to date would have paid off the 1973 debt, so we could say that the 1973 debt is no part of the present debt.
Post a Comment