May each of you have the heart to conceive, the understanding to direct, and the hand to execute works that will leave the world a little better for your having been here. -- Ronald Reagan

Saturday, May 19, 2012

United States Budget Dilemma

This is related to my previous post  Democrat Non-Budgets and Other Failures about the failure of Congress and this Administration to pass a budget. Their answer is to raise the debt limit. Here's a vid that clearly explains the budget, how we cannot balance it, and the consequences of just letting things ride.

http://youtu.be/EW5IdwltaAc
If you're not scared to death by now, it may be time to reevaluate your economic beliefs and values. Our national debt is approaching $16 trillion. Another $1.2 trillion, if not more is about to be added. That's $50,000 for every man, woman and child in the US. Three generations, if not more, down the road are in debt. There's a running debt counter about a third down the right side of this blog.


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