Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Wednesday, April 15, 2009

The San Antonio Tea Party

Today is April 15th, Tax Day, and also the day people around the country take part in "Tea Parties". What is a Tea Party? Well, it's a gathering of like-minded people from all walks of life and various political backgrounds...Democrats, Republicans, Libertarians, and Independents were in attendance and involved in the San Antonio Tea Party. What could bring all of those people together? What brought them together is a certain knowledge that the U.S. Government is far too large and unwisely spends far too much of the taxpayers money.

And, before you allow yourself to be convinced otherwise let me tell you something...I was there...the Tea Party was non-violent. It was non-partisan. It was not "right wing" (like CNN said), nor was it "left wing". It was not started by Fox News or any talk show host - it's a true grassroots effort. It wasn't a protest against President Obama nor any one person in particular. It was a declaration that this is still our country and we are unhappy with how the over sized, overbearing government is over spending OUR MONEY. It's recognition that the U.S. Government is addicted to deficit spending and growing a debt so large it will take generations to pay.

Generally, the sentiments of people attending the San Antonio Tea Party lead me to believe that all in attendance would agree with a couple of my favorite quotes from Thomas Jefferson, "My reading of history convinces me that most bad government results from too much government.
" and "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Maybe you agree?

The Tea Party was a great start on the path to correcting the problems in our increasingly UnConstituitonal government. The Tea Party is a statement by the people that government is responsible to us, not the other way around.

For more information about the San Antonio Tea Party Click Here

Tuesday, March 3, 2009

Obama Wants To Halve The Deficit - What About The Debt?

President Obama (PBO) has been talking and talking about cutting the deficit in half over the next four years. His supporters and Democrat Kool-Aid drinkers cheer loudly when the President says things like that...why? All he's saying is that he's supporting continued government overspending. Cutting the deficit in half just means that he wants to reduce overspending by half - just half? What about the National Debt? Time for another short civics lesson.

The Deficit

The deficit is the difference between what the federal government spends and the revenue it receives from taxpayers during a particular year. Simply, it's the government equivalent of writing hot checks. Obama wants to write fewer hot checks but has no plans to pay back the hot checks already written. Why write any hot checks at all?

The Debt

The debt is the difference between all the taxpayer money that our federal government has ever spent and all the revenue that it has ever collected since the birth of our nation. It's the total of all the annual deficits - all the hot checks government has ever written plus interest, penalties, and bad check fees. Obama has no plan for debt repayment - that will be done by your children.

Instead of cheering President Obama for writing hot checks you should really be pushing him to STOP! The U.S. Taxpayer will eventually have to cover all the deficit spending and repay the national debt that Obama seems to be willing to run up further and further.