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Unsustainable Debt Load

Categories: Blog | Author: Tyler Tibbits | Posted: 3/26/2010 | Views: 851

Our current and future debt is an existential threat to our republic.  Dismantling and simplifying the leviathan that the current liberals in Washington are building is a driving passion of Dan's.

Today, the Washington Times reports the following:  (full article HERE)

"The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it's headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO's deficit estimates."

"That figure would equal 90 percent of the estimated gross domestic product in 2020, up from 40 percent at the end of fiscal 2008."

In just 430 days, Brad Miller and his cronies in Washington have added $16,000 dollars in debt to your family and mine.  In 10 years, he will have added a bigger chunk of debt to our families than most of us owe on our mortgage.  This will bankrupt our families and destroy the value of the US Dollar.

Dan Huffman is our instrument to stop this. Balancing the Federal budget and limiting the percent of government debt to below 40% of GDP are critical to our nation's future.  I refuse to accept that America's best days are behind us.

 

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Words of Wisdom

"The sacred rights of mankind are not to be rummaged for, among old parchments, or musty records. They are written, as with a sun beam, in the whole volume of human nature, by the hand of the divinity itself; and can never be erased or obscured by mortal power."

Alexander Hamilton; The Farmer Refuted, 1775