Improvements To BO's Budget Plan

Last week was another monumental despicable one for America's finances under BO's administration. First BO presented a $3.728 trillion dollar budget where 31% of the outlays are financed through borrowing - meaning another $1.15 trillion will be added to our national debt. The federal budget was $2.7 trillion only two years ago. Next, Congress voted to increase the debt ceiling by $1.9 trillion - this followed a $290 billion debt ceiling increase on December 17. The debt ceiling is a tool to provide the Treasury with more leeway in the administration of debt - as if they need more leeway.

Now these numbers are so large they really become meaningless to most of us other than they sound like trouble brewing so the best thing to do is to refer to something like the above graph prepared by the Government Accounting Office in 2007. Since the graph is almost 3 years old it does not include BO's draconian spending increases of the past 13 months. It is going to be sooner than shown on the graph that mandatory spending will exceed all government revenue thereby leaving no money @ all for any other program like defense. Jim Bennett has a slide that he uses in his seminars that shows only interest on the national debt consuming all of our revenue in the not too distant future.

BO has recently tried to camouflage his reckless profligate destructive spending ways by talking about reducing the deficit but this is just another ruse. The real fiscal danger, as BO very well knows, is the amount of government spending not the deficit - Professor Milton Friedman used to teach that the nation would be better off with a budget half the current size but with larger deficits. For BO to balance (no deficit) a large spending budget through taxes will still bankrupt the nation before long - just as he plans.

Please check out this video of our Posterity reciting a pledge to the debt we will leave them.

We have momentarily held off BO's programs for both socialized medicine-universal healthcare & Cap & Trade legislations thanks to the Town Hall & Tea Party movement - & nothing else. I hope that people saw Sarah Palin's presentation @ the Nashville Tea Party Convention on Saturday night & will continue to get behind & support this movement.

In the meantime if the fiscal integrity of America is important to you I recommend that you let your elected reps know that you have some suggestions for improving BO's budget plan - like, for starters off the top of my head, elimination of the Departments of Health & Human Services, Education, Commerce, Agriculture, HUD, Transportation, the EPA, the National Endowment of the Arts, & the National Endowment for the Humanities, & the progressive income tax & replacing it with the FairTax.