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spend spend spend

October 9th, 2009

gw

What is the biggest most immediate threat that America faces, our growing debt (specifically to China), lack of health insurance, or global warming?  This is the question that should be posed to all our politicians.

What is more likely to cause the downfall of America as we know it, rising tides or rising debt? If you listen to Washington and the media their is no question. But as everyone jumps on the green bandwagon and the insurance farce our balance sheet continues to go deep into the red. The dollar continues to lose its value as our so called allies quietly celebrate, and China steadily buys up our debt and owns our government.

There is no doubt in my mind that this is the most immediate and real threat to America’s world status and our future as a country. So when your congressman or senator tries to cram debt contributing legislation down your throat (be it cap and trade or Obamacare) ask him what he thinks our biggest threat is.

Washington needs to wake up. Congress needs to start worrying more about our future than their own. The treasury needs to stop printing money, and American voters need to demand more.

The average American household’s share of federal obligations is a staggering $550,000. This is the amount of money (not covered by taxes) that the federal government would need to put aside (per household) to cover all outstanding obligations. $64 trillion. What could your family do with half a million dollars? I bet it could afford some kick ass health insurance and a nice shiny hybrid car.

Economics, Politics , , ,

  1. BOB
    October 16th, 2009 at 12:21 | #1

    well said

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