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One Reporter's Opinion – SPEND SPEND SPEND SPEND George Putnam It is this reporter's opinion that the fellow in dire financial straits who said "Put it in your wife's name" knew what he was talking about. We can't do that, but we've got to admit that federal spending is completely out of control.
With our debt limit about to be raised again, we find ourselves well over $8 trillion in debt, and Washington's politicians continue on their spending binge. Let's face facts: Federal outlays have increased by approximately 25 percent since President Bush took office.
A few months after its enactment, the price tag of the Medicare prescription drug entitlement zoomed 35 percent, to $534 billion. And even as the politicians wailed about the budget deficit, Congress completed the enactment of a $900 billion omnibus appropriations bill with all of its attendant phony pork – projects like indoor tropical rainforests in Iowa and the bridge going nowhere in Alaska. Story Continues Below
The Senate passed a transportation plan calling for $320 billion over five years – more than $60 billion more than the president requested. It isn't only both Houses on a spending spree; the president has failed to veto a single spending bill.
Let's face it: America is facing an impossible debt load. We have transformed from the largest creditor nation into the largest borrower in all of world history. Foreign investors are waiting to raise the interest or call in the debts.
Communist China is waiting in the wings to peg its yuan to the more valued Eurodollar – collapsing the U.S. dollar. That will create hyperinflation – the swiftest way to destroy our middle class. Meanwhile, the American elite appears determined to join "the free trade area" – an agreement that will go down in history as the beginning of the end of America's middle class. We're basically liquidating our whole middle class, polarizing our people on the two extremes – the haves and have nots.
It's time to put the brakes on our RUNAWAY SPENDING. The typical American family pays more in taxes than for food, clothing and shelter combined, instead of taking back the tax cuts that we deserve and our elected officials should support. It's time to act now!
I suggest the following:
Mr. President and members of Congress, federal budget deficit threatens the current and future stability of our nation. Federal spending has accelerated at rates not seen for three decades. It's time to put a freeze on total federal spending, commit ourselves to reducing wasteful and obsolete federal programs and support constitutional protections against runaway deficits and higher taxes.
On the one hand, we're being invaded by foreigners, who are plundering our treasure, while on the other hand we're bankrupting ourselves at home on a spending binge, including indulging in foreign wars. Our leaders and political elite appear all but ready to sacrifice America's past, present and future. It's time to ask our senators and congressmen and congresswomen: Whose side are you on – an integrated borderless community or U.S. sovereignty guarded by our borders?
Remember the movie "Wall Street," where Michael Douglas' character refers to America as "that other malfunctioning corporation called the USA." We have no choice but to act now; we've GOT to stop this runaway spending and balance our budget! To do otherwise is to invite national suicide.
Editor's note:
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