We have all been told that we got into the current financial crisis by spending money we didn’t have. The solution from Washington? Spend more money that we don’t have. Any place other than Washington, that would sound crazy…because it is.
But that’s exactly what the current Administration is pushing and Members of Congress like John Spratt are rubber stamping. Consider what Joe Biden said in July 2009:
“We’re going to go bankrupt as a nation,” Biden said.
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that’s what I’m telling you.”
We are on the verge of bankrupting the country, debasing the currency, and throwing the economy into a death-spin. After all the government spending in 2007, the federal deficit was a little over $160 billion. The federal government borrowed more than that in one day this year – June 30. That kind of irresponsibility is unacceptable to taxpayers and unfair to our children and grandchildren.
The deficit spending must end. Now. This year. It is time for the federal government to live within its means.
In Columbia, I made tough decisions to keep our budget balanced. In Washington, John Spratt kept spending more even as tax revenues went down.
