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The deficit has officially crossed $1 trillion today, for the first time ever. This is no longer a theoretical value that may have to be paid at some point. This is the actual amount that has been spent so far this fiscal year, and it’s projected to go up even higher; $1.84 trillion at year end by the government’s estimate (and they never, ever estimate low…). This has caused a great deal of concern with our lenders, and is likely to cause a large amount of pain in the near future. There are many causes: “necessary” spending so save the economy and wage wars, drastically decreased tax revenue, and a devalued dollar among others. If there was ever a time to reign our government in, now is that time. This is not a Democrat, Republican, Conservative, or Liberal thing. This is the future of our Republic, and if our employees don’t see that, it is time to teach them.
Filed under: Current | Tagged: American, checks and balances, communism, congress, conservative, Constitution, freedom, liberal, Obama, political debate, president, progressive, representation, socialism, stupidity, Taxation, taxes, tea party, truth, United States |