Money

The final thing I’d like to address is the budgetary claims the President made. President Obama touted the fact that the Federal Government’s deficit will be the lowest it has been since 2008, a mere $468,000,000,000. This was spun as positive news, when in reality this is irresponsibility at its finest! The Federal Government’s total revenue this year is $3,340,000,000,000 (that’s $3.34 trillion, but I think the zeros need to be included); the proposed White House budget is around $3,900,000,000,000. This leaves a shortfall of around $468-564 billion depending on what reports you look at! This will cause our national debt to rise to a staggering $18,690,000,000,000!!
If a citizen who makes $50,000 annually, spent the way the government is spending, that would mean they would be $8000 in debt after just one year. The atrocity of this is put well by this statistic from Brillig: “The estimated population of the United States is 319,903,034 so each citizen’s share of this debt is $56,578.89.” My 1 year old daughter currently owes more than I make annually! For all this talk about our responsibility to future generations, this is hypocrisy at its finest.
We are to provide and protect our offspring. Furthermore, it is painfully obvious that our children will pay the price for our fiscal irresponsibility and greed. This is fundamentally wrong, for we are forcing children to pay for the crimes of their fathers and rather than leaving them blessed and free, we are leaving them cursed and in bondage to the penalty of our greed and irresponsibility. The proposals and policies being discussed by the President as well as by many in Congress are commonly irresponsible and lacking in consideration to the safety and security of our grand Nation’s future. [Read more…] about The Real State of the Union (Part Sixth)