Government overspending is the biggest threat
Many people don't realize how much government spending has grown. Scott Rasmussen writes, "If government spending in America just held pace with population growth and inflation since 1954, government spending today would total $1.3 trillion. Instead, spending this year will top $5.4 million."
Since 1954, Democrats controlled Congress for 44 years, Republicans for 12, and both overspent.
The federal debt is now over $15 trillion. The Obama administration has to ask to borrow more money very soon. He will meet some resistance to increasing the debt. The media will play up this "crisis" and blame Republicans for putting the nation in peril. Democrats will run more advertising showing Republicans throwing old ladies off a cliff. That's how we got into this mess.
Voters must at some point realize that the biggest threat to all of us is overspending by the government. We must stop voting for those who promise government handouts and bailouts.
U.S. Rep. Nancy Pelosi claims unemployment checks and food stamps stimulate the economy. Mark Twain said, "In the world of politics there are lies, damed lies and statistics." The Gallup poll reports the number of people in the U.S. who are not able to find a full-time job was 18.1 percent in November. Don't trust government numbers.
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3 Comments for "Government overspending is the biggest threat "
lastpercentile Feb 15, 2012 1:44 PM
I was thinking this morning of how I could help our economy by spending more. I’ve had my eye on a house on the lakefront for $750,000. a new Cadillac, bigger boat, RV Motor Home and a host of other projects. Just think of how all this spending could put people to work and save our economy. Problem is, my lenders will not finance more than what I earn. If only the government would changes the laws and force my greedy lenders to increase my debt limit I could then live beyond my means. My only problem is how do I keep my debt secret from my 10 grandchildren and 2 great grandchildren, please don’t tell them of my plan as they would be stuck paying off my debts if the law was changed to mirror our current government policy’s.
timeforchange Feb 22, 2012 3:47 PM
It's interesting that so many Americans have trouble with the President building up the national debt, but they had NO problem heaping personal debt on themselves - at world-record, unprecedented levels.
Adjustable mortgages with no hope of paying them off; 1 car, 1 truck, 2 sleds, 1 ATV, 1 boat, 2 trailers; 1 maxed out MasterCard, 3 worn out VISA cards; NO savings; lackluster high school education; and a factory-job tied to the automobile industry.
At that's not an analogy - it describes half the so-called middle class in a 10-mile radius - circa 2008.
For about 2.5 years, the mortgage got paid first (or, absurdly, not at all), the credit cards cooled off, and personal debt decreased for the first time in 18 years.
And then people started spending again. Did they buy a used truck, or a new truck? Did they take their unspent mortgage payments and pay off their credit cards, or did they buy a new 82" TV for their rental house?
I think the "national anxiety" over the government's debt is really caused by each anxious person's [b] [i]personal[/i] [/b] debt. And, maybe that's why I'm not anxious about the national debt at all.
lastpercentile Feb 22, 2012 7:06 PM