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.
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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