It is this reporter's opinion that this nation’s rampant uncontrolled federal spending policy calls for drastic action. Our federal spending is completely out of control.
And we are shifting the cost of today’s government onto our children and their children.
Former President Clinton and the Republican Congress had stopped deficit spending, allowing the economy to yield the first federal budget surplus since the 1960s.
President George Bush sought to stimulate the economy after taking office. But he has yet to take his foot off the gas pedal as the country sinks into a recession. The next president will have a hard time selling fiscal discipline, but we have got to stop billing future generations for the services we enjoy today.
On top of all our present problems, the president has now signed a $555 billion spending bill that includes scandalous pork barrel expenditures.
The nation’s debt is rising $600 billion a year, and without major budget cuts or tax increases, it could reach $11.2 trillion by the year 2010.
The interest alone would cost nearly $560 billion.
Currency expert Andrew Gause estimates every man, woman, and child living in the United States is currently obligated to pay $145,000 to make good on Uncle Sam’s financial obligations.
At the end of 2007, we now suffer an $8.7 trillion (and counting) national debt, $790 billion devastating war debt, $700 billion annual trade deficit, 18 million unemployed Americans, 2 million jobs outsourced, millions insourced via illegal aliens and millions more offshore.
We borrow $2 billion daily from foreign investors to float our economy. Consumers suffer a gargantuan $2 trillion debt. The average credit card debt stands at $9,149.
Who will pay all of this . . . our children, their children, or their children’s children?
The U.S. gives over $6 billion annually to countries such as Israel and Egypt. Much of this money goes into the pockets of the rich.
Massive illegal immigration has closed 86 hospitals and ER wards in California which have been bankrupted in the past five years. Forty-seven million Americans cannot afford to carry health insurance. Our prisons hold over 400,000 illegal aliens costing $2 billion annually.
Education is experiencing a fight for survival with 100 competing languages, gangs, drugs, and racial conflicts.
Masses of youngsters dispatched from our educational system are functionally illiterate. Patrick Buchanan in his book “Day of Reckoning,” says America is coming apart. And the likelihood of her survival as one nation is improbable, indeed impossible, if America continues on its current course.
The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq. Every sign shows an environmental breakdown, population pileup, and degraded standard of living.
We are experiencing an invasion of our country. And all of these problems are accompanied with an astronomical price tag. America is facing an impossible and mounting debt load. We have transformed from the largest creditor nation to the largest borrower in all the world history.
It is time to put a freeze on total federal spending, add a balanced budget amendment to our Constitution, put an end to obsolete federal agencies.
To do otherwise is to rush headlong along the road to bankruptcy.
We’ve got to act now! We have to stop this runaway spending and balance our budget.
To do otherwise is to invite national suicide.
© 2007 Newsmax. All rights reserved.
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