National Debt

For the second consecutive month, Congress is seeking to raise the level of the national debt. The federal government has a spending addiction. This country is going to be forced into bankruptcy if Congress does not control the addiction. Irresponsible spending has got to stop!

The Administration is proposing freezing discretionary spending for three years. This would be more significant if last year this spending had not been raised twenty-four percent. The government proposes freezing spending at last year’s ridiculous level and this is supposed to be fiscal responsibility? Congress should propose cutting spending by ten percent for the next financial year and by another five percent in the following year. The current level of spending is unsustainable.

The Administration also suggested cutting 250 billion dollars from the budget over the next ten years. That is 25 billion dollars a year. It is a mere drop in the federal budget. It is as significant as if I said that I would cut my spending by a penny a week. Can we not get serious about the dangers of our national debt?

If Congress is truly concerned about the size of the national debt, it will cut discretionary spending, postpone new large spending projects, cut pork projects, and eliminate earmarks forever. Congress must stop trying to spend its way out of a recession. It has never been done. It is impossible! Excessive government spending will only prolong the recession. Look to history. All the spending FDR did in the thirties did not end the recession. The recession did not end until we became involved in World War II. We were the only country in the world during this era to have a “Great” depression. Everyone else had a depression. If you doubt this, check the unemployment numbers.

Ultimately, the debt can be lowered by economic growth. This can be accomplished if the government allows businesses to recover by implementing business friendly policies and by controlling governmental spending.

Signed,
The Electorate