The 2009 federal deficit soared to $1.4 trillion in the fiscal year that ended in September:
...At about 10 percent of the overall economy, the gap between federal spending and tax collections is the largest on record since the end of World War II, and bigger in nominal terms than the past four years of deficits combined...."There is no doubt we started the year in a difficult fiscal situation. But Congress and the administration have made a bad situation much worse with an unrelenting spending binge that has plunged our nation into a dangerous level of deficit and debt," said Rep. Paul D. Ryan (R-Wis.), the senior Republican on the House Budget Committee.
...Economists universally agree that the nation cannot run such massive deficits indefinitely...
Aside from this record deficit, the Dems want to add a repressive tax for using unclean energy onto businesses in their cap and trade bills that will be passed on to citizens in higher utility bills. They also want to pay for the largest government led-expansion of health insurance in history in ways we don't even realize yet. Seriously, who do you think is going to pay for it?
Both parties are at fault here. That's why the Republicans were booted out of Congress in 2006 but the Dems aren't helping here, atl all.
Aren't struggling citizens and businesses at their wits end, already? Their goals simply defies common sense and good judgment.





Recent Comments