It should be clear to everyone that we have to stop spending borrowed federal dollars like there is no tomorrow! Since control of Congress changed hands in 2007, appropriations spending have jumped by 41 percent and that does not even include the “stimulus” dollars and other “emergency” measures the Congress approved in 2009!
We had a $1.4 trillion dollar deficit at the end of our budget year in September 2010. It is time to say enough is enough, stop pointing fingers and fix this crushing debt burden facing our country. If you reach your spending limit on a credit card, you can't ask the company to increase your line of credit, you have to make fiscally responsible decisions to pay down your debt.
And all of this new spending is making the government more dependent on new taxing and new borrowing!
Yet, the President proposed a budget for Fiscal Year 2011 that projected a record-setting $1.6 trillion dollar deficit for the year. Worse, the deficit is projected to never fall below $702 billion over the next ten years!