Washington Fiscal Insanity in Texas Terms

By Congressman John Carter john-carterIf you spend one dollar a second for 32000 years you will have spent one trillion dollars. Since the Democrats took control of Congress they have increased the national debt by FIVE trillion dollars and now propose even more.  The figures become so large that it is beyond the grasp of most us to imagine.  So lets break it down in real people terms. At the start of 2009 the average family of four in Texas earned $45000 a year about $3800 a month.  They owed a total of $112000 on their mortgage car loan credit cards and other debts with monthly payments around $1700.  If House Democrats managed that familys budget they would have added another $38000 to their debt jacking their monthly debt payments to nearly $2300 a month. If that happened to a real family they would be filing for bankruptcy.  If we allow it to stand the nation will be forced to do what is effectively the same on a macro level - radical devaluation of the U.S. dollar. In the last year before Democrats under Speaker Nancy Pelosi took over the House the annual deficit was $300 billion and falling. By contrast Democrat overspending has resulted in a deficit of $1.4 trillion this year - or $11988 per household of which every dollar is being borrowed.   When the Democrats gained control of Congress in 2007 the nations debt limit was $8.96 trillion. Since then they have upped the debt limit four times to more than $12 trillion this year or more than $100000 per American household not counting any of the future debt we know we will have on Social Security and Medicare.  The Democrats excessive deficit spending has already caused the amount of publicly held debt to increase to 56 of the total U.S. economy as compared to a 36 historical average.  There is a reason the nation is stuck with 10 unemployment this December.  Business owners cannot justify investing expanding or hiring new employees when they have legitimate fears for the long-term health of the U.S. economy caused by this irresponsible federal spending. And what is Washingtons response to that?  Speaker Pelosi suggests more federal spending in the form of another so-called stimulus" plan.  Right now theres little that can be done about it.  Liberals hold a nearly unbeatable majority in the House and Senate and have used it to pass all these measures. But in just a few days it will be 2010 and you will have a chance to stop this madness by your actions in the voting booth in November.
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