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Wednesday, May 5, 2010

Crazy Thought Process concerning Debt

http://finance.yahoo.com/news/Government-debt-explosion-apf-3157069187.html?x=0

So I read this article.  It actually seems as if it is saying it is a good thing that our annual debt increase is going to be only $1.56 TRILLION.  Here is the problem with the article.  First of all, that is the increase for the year.  It is like saying I start the year with $100,000 dollars that I owe.  And then I add another $100,000 of debt onto that.  My annual deficit is $100,000.  But now I owe a total of $200,000.  The government of the United States currently owes $14.3 trillion dollars.  And that is not including unfunded mandates like Social Security, Medicare, and the new Health Care debacle.  This $14.3 Trillion number is only what is actually on the books.  But here is the crazy thing.  It seems this article is praising the Obama administration for adding only another 10% onto the deficit in one year.  That makes no sense at all.  If I increase my debt by 10% in one year--I AM GOING IN THE WRONG DIRECTION.  The mainstream media needs to quit hiding the real number in the middle of a fairly boring article (that being the $14.3 Trillion dollars) and put the total deficit first.  Quit spending Washington.  Where is the money going to come from?  What gives you the right to spend it in the first place?  The Constitution provides for the General Welfare of the population not the specific welfare initiatives that are all the craze nowdays.  There was, and still is, no provision in the Constitution for our government to tax in an effort to redistribute wealth.  And there is no moral right for anyone in Washington to spend any more money until they get us going in the other direction.  Pay off the Debt.

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