Wednesday, August 26, 2009

Nine Trillion in Ten Years ? ? ?

In one of the most shocking revelations I have ever heard, AP reported that, according to White House estimates, the United States will rack up Nine Trillion Dollars in federal deficit in the next One Decade.

That is more debt than has been recorded since 1776, i.e., in 233 years or 23.3 decades.

And even though the Congressional Budget Office predicts only a Seven Trillion shortfall by 2019, there is nothing in the way of good news on this front.

How do we make up such a deficit?

Quite simply by raising taxes, adding many more consumption taxes and cutting government programs.

There is no other way.

Main Street USA needs to get more vocal, more visible.

Earmarks and pork included in ANY legislation must be eliminated, period.

Federal Grant programs need to be reviewed. How many times (and how much money has been spent) by the government via grants to various persons, groups, and organizations, where those who benefitted from the grant went on to make money?

I would bet my bottom dollar that the amount would be shocking.

With the news of this projected deficit, the mortgaging of America as we know it, it is hoped that Main Street USA now understands why there must not be a One Trillion Dollar-plus national healthcare reform bill passed.

This country cannot sustain itself where the WH projected national debt will equal 75% of the entire national economy.

Once again, keep in mind how big these numbers are that are being tossed around.


One Trillion Dollars is the equivalent of YOU spending One Million Dollars a day, each and every day for about 2,740 years.

That means that Nine Trillion is, yes, nine times that amount.

These numbers are extremely hard to fathom.

How anyone could issue statements about a Federal Deficit of this magnitude with a straight face is beyond me.

And as Main Street USA is mortgaged away there will be repercussions.

Keep in mind the very wise words from our Founding Fathers:

"Government big enough to supply everything you need is big enough to take everything you have ... The course of history shows that as a government grows, liberty decreases." And, "Most bad government has grown out of too much government."

Thomas Jefferson

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests."
Patrick Henry

Over For Now,

Main Street One

No comments:

Post a Comment