Though President Obama signed the "Pay As You Go Act" in February 2010, Congress continues to spend money, without having the resources to cover the expenditures, at an unprecedented rate.
The following link is a short ABC news report on this calamity.
$13 TRILLION National Debt
Founding Father Thomas Jefferson had this to say about government debt:
Jefferson was a man of incredible insight.
In a letter to Judge William Johnson, in 1823, he wrote: "The States can best govern our home concerns and the general government our foreign ones. I wish, therefore... never to see all offices transferred to Washington, where, further withdrawn from the eyes of the people, they may more secretly be bought and sold at market."
And, yet, that is precisely what has been done at a substantial cost to Main Street USA.
The purchasing of votes behind closed doors on Capitol Hill has become the accepted method to pass massive legislation, costing taxpayers trillions of dollars and placing the country in debt to such a degree that it will likely never be able to pay.
And consider what Jefferson wrote in this 1824 letter to William Ludlow: "I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious."
Nearly 200 years ago he had that thought. What would he think today?
Food for thought.
Over For Now.
Main Stree One
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