
The following are sobering facts of what the future holds for all of us unless we stop it: This year, our federal government will spend nearly $31,000 per household, will tax each household about $17,500, and will borrow over $13,000 per household. The government will increase spending to 26% of our GDP (our spending was from 18% to 21% during the eight years of the Bush administration). Even worse, President Obama's budget plan is to borrow an additional $9 trillion dollars over the next decade which will result in America (that's you and me) spending about $800 billion solely on the interest just to service this unsustainable debt without even touching the principal of that back breaking debt. The new budget proposes massive tax increases that still will not be able to keep up with the highest spending and debt levels in American history. The public national debt will be more under President Obama than under every President in American history from George Washington to George W Bush COMBINED!!! President Obama claims that he inherited a 2009 budget deficit, but note that the deficit has increased by $400 billion (nearly quadrupling it in less than a year) just since his inauguration, and his whole point of the "stimulus" was to increase deficit spending to nearly $2 trillion on the dubious theory that it would alleviate the recession, suggesting that even if he had not inherited a deficit, he would have created one as a matter of policy. And now, on top of all this, the President wants to create a $1 trillion dollar healthcare entitlement program run by government bureaucrats (you know how well government runs things). THIS SPENDING INSANITY HAS TO STOP.