43,759.51 per second.....
Shocking, amazing, the Federal Government accumulates an additional $43,759.51 of debt every second, every second. This is what the average American earns per year before taxes.
I encourage everyone to check out the Federal debt at www.usdebtclock.org and watch it for one minute. After watching for one minute, ask yourself two questions: Does the United States Federal Government have a spending problem? Should Congress vote to raise the debt ceiling?
I cannot imagine anyone would not want, better yet, demand the drastic cuts that are needed to slow the clock, and raising the debt ceiling to allow even more borrowing is going to make the debt clock go faster.
Democrats and our Campaigner-in-Chief are hell bent on using scare tactics and baseless rhetoric to achieve their goal, raise taxes.
In yesterdays speech on Facebook, the President calls “their” plan “radical” and not “particularly courageous”. It's a sad state of affairs that every time the President speaks that I am finding myself going to www.factcheck.org to find out what is the truth and what is yet another scare tactic or complete untruth. It's ridiculous and sad that there is not enough faith in what our country’s leader says because he has not kept the promises he made to the American people.
We are supposed to be looking to the President for leadership and solutions to the overwhelming financial crisis that is effecting the very stability of our nation. Instead we are getting lies (coal causes asthma), scare tactics (bridges collapsing) and campaigning. We are getting “us” and “them” mentality from a President that should be building coalitions and bridging the gap between Republicans and Democrats to solve the astounding debt crisis, or has he forgotten that he has a Republican led House and a Democratic led Senate. It was just a short time ago that Obama gave a speech about the importance of ending bullying. I guess that only applies to children and not adults.
It's time for Obama to prove to America that we are being heard, that he is making some effort to stop frivolous spending and cut spending. A Federal government hiring freeze would be a start. Since Obama took office, there has been 185,000 people added to the government payroll. Going back to Mom Budget 101, if you are broke, in debt, and are borrowing to pay your bills, you don't hire more people. Simple concept, and obviously one that Washington, DC does not understand. So not only do we have an additional 185,000 employees that cost their customary salary, but we also need to add the interest on the money borrowed in order to pay them to their salaries.