Time to Cap and Cut

Thursday, June 14, 2012

$4 million – that's how much will be added to our national debt in the two minutes it takes to read this message. $3 billion is being added each day.

Federal spending is 25% of GDP and climbing. By comparison, in the post World War II era, federal spending has averaged only 20 percent of GDP. The predictable but devastating result of this over-spending is massive deficits and debt.  Debt has reached truly alarming levels.  Something must done quickly to cap federal spending and cut wasteful programs that serve the needs of politicians in Washington rather than the constituents they represent.

Read more here.

Post has no comments.
Post a Comment

Captcha Image

Trackback Link
Post has no trackbacks.