I Am No Accountant, Though I Did Stay at a Holiday Inn Express Last Night

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Category: Blog

Published on Tuesday, 17 January 2012 14:56

It’s true, I did not get my degree in accounting; however I -- like most common sense Americans --know that you can’t spend your way to prosperity. I know that when your family credit card is maxed out, you have to cut your spending habits and pay it down. You make tough decisions around the kitchen table that aren’t always popular, but critical to the family’s long term goals.

Yet our President and bureaucrats in DC don’t seem to get that. To date, we have borrowed $15.2 TRILLION dollars ($15,200,000,000,000.00) and President Obama is now increasing our debt ceiling by another $1.2 TRILLION. It is like giving cocaine to an addict. We have a spending problem and increasing the debt ceiling only enables the addicts to continue to “use” the national credit card. This will bring our total debt limit (i.e. the amount of money we can borrow) to $16.4 TRILLION dollars.

According to Stuart Varney with Fox News, the United States will be paying $10 BILLION dollars EVERY WEEK for INTEREST payments alone.

According the CNSNEWS, Obama has increased the national debt $4.24 billion dollars EVERY DAY he has been in office. If he stays on this pace, he will have increased the national debt more than every President from George Washington to Bill Clinton – COMBINED.

On January 20, 2009, when Barak Obama took office, the debt was $10.6 trillion dollars. Sometime in the next week or so the debt ceiling will officially be $16.4 trillion dollars – an increase of $5.8 trillion or $5,800,000,000,000.00

If we do not do something soon, there will be no turning back from an economic disaster brought about by a President that seems hell bent on ruining our economy. If we want our children or grandchildren to have a chance we must change the course of our nation in 2012. Otherwise the next generation will ultimately work harder for a lower standard of living, because they will be required to surrender their earnings to U.S. creditors.

Who are these creditors you ask? Would you believe that the foreign nations which own our debt are China, Japan, the United Kingdom, Brazil, Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria. Surprised?

Now is the time to make some hard decisions for what is best for the long-term success of OUR country, OUR children, and OUR future. Get involved in campaigns and work hard for conservative candidates. Let’s take the country back this year!