1.6
Trillion Dollars More Debt: Fiscal Conservatives Have Been Raped By The
Democrats, The Democratic Party, as well as The Republican Party
http://endoftheamericandream.com
http://albertpeia.com/onepointsixtrillionmoredebt.htm
‘What the Republican Party has done to fiscal
conservatives over the past year and a half has been a betrayal so vast that it
is difficult to find words to describe it. Back in 2010, the Tea Party
was riding high and a flood of new Republicans was sent to the
As CNS News recently pointed out, the
When
Boehner became speaker on Jan. 5, 2011, the federal government was operating
under a continuing resolution that had been passed on Dec. 21, 2010 by a
lame-duck Congress. That CR expired on March 4, 2011.
On
March 1, 2011, Boehner agreed to a new short-term spending deal with
President Barack Obama and Democratic congressional leaders to keep the
government running past the March 4, 2011 expiration of the old CR. Since March
4, 2011, federal expenditures have been carried out under a series of CRs
approved by both the Republican-controlled House and the Democrat-controlled
Senate and signed into law by President Obama.
At
the close of business on March 4, 2011, the total federal debt was
$14,182,627,184,881.03, according to the Treasury Department's Bureau of the Public Debt. At the close
of business on May 31, 2012, it was 15,770,685,085,364.14. That is an increase
of $1,588,057,900,483.11—in just 15 months.
We
should expect Democrats to act like this. They don't seem to even care
that they are plunging our nation into financial oblivion.
But
Republicans are always giving speeches about how bad the national debt
is. They are endlessly promising us that they are going to stand up to
Barack Obama.
Sadly,
they never seem to deliver.
Most
Republican politicians seem to have absolutely no backbone.
If
the Republicans had wanted to stop these trillion dollar deficits they could
have done it.
They
could have said no to anything but a balanced budget.
Not a
single penny of government money can be spent unless it is approved by the
So
why are we still running trillion dollar deficits?
Why
does our national debt chart still look like this?....
The
Republican Party is a poor excuse for a political party at this point.
They
can't even stand up for the most basic things that the party is supposed to
stand for.
Why
should anyone give them any money? Why should anyone volunteer to work on
their campaigns? They never do the things that we send them to
If
they are not going to work for us, then why should any of us ever work for
them?
The
It is
the greatest debt in the history of the world and it threatens to destroy the
future for all Americans.
Right
now, the
When
Ronald Reagan was elected, the
Now it
is almost 16 trillion dollars.
And
the Republican Party had control of the White House most of the time that debt
was being run up.
Shame
on the Republican Party! Most of them are just a bunch of watered-down
Democrats when it comes to fiscal issues.
Sadly,
the American people are not even being told how bad things really are. If
the federal government used GAAP accounting standards, the real federal budget
deficit for last year would have been 5 trillion dollars instead of 1.3 trillion
dollars.
A
recent USA Today article explained
how this number was arrived at....
Under
those accounting practices, the government ran red ink last year equal to
$42,054 per household — nearly four times the official number reported under
unique rules set by Congress.
A
The
big difference between the official deficit and standard accounting: Congress
exempts itself from including the cost of promised retirement benefits. Yet companies,
states and local governments must include retirement commitments in financial
statements, as required by federal law and private boards that set accounting
rules.
Yes,
we should definitely blame the Democrats for this. The Democrats are
absolutely horrible.
But
where are the Republicans?
They
could have blocked all of this if they wanted to.
Right
now, the federal government is stealing approximately 150 million dollars an hour
from our children and our grandchildren.
Just
think about that for a while.
By
the end of this hour, the federal government will steal 150 million dollars
from future generations.
Then
they will do that again next hour.
And
the hour after that.
And
the hour after that.
The
Republicans could stop this nightmare but they refuse.
And
you know what?
If
Mitt Romney is elected he is not going to stop it either.
According
to a recent article in the Washington Times,
Romney admitted that he has absolutely no plans to balance the federal budget
in his first year during a recent campaign stop....
"My
job is to get
So
why aren't fiscal conservatives howling in outrage?
It is
because they are so scared of another term for Obama that they are willing to
go along with just about anything.
They
are even willing to vote for Mitt Romney.
During
that same campaign stop, Mitt Romney went on to explain why he does not plan to
balance the budget....
"The
reason," he explained, "is taking a trillion dollars out of a $15
trillion economy would cause our economy to shrink [and] would put a lot of
people out of work."
And
you know what?
Mitt
Romney is right about that.
Sucking
a trillion dollars out of the economy would make the economic statistics look
absolutely horrible and would guarantee him a one way ticket out of the White
House in 2016.
Our politicians
don't want to ever cut the budget significantly because it will hurt the
economy and make them look bad. If they look bad then there is a good
chance that they will not be elected again.
So we
continue to steamroll down the same path that
In
the end, our financial system will be absolutely destroyed.
Things
did not have to turn out this way.
The
Republican Party could have taken a stand.
But
they didn't. The cowards in the Republican Party always gave in.
So
now we all get to pay the price.
The
greatest debt bubble in the history of the world is going to burst and
