U.S. annual revenue for the last 40 years and the growing total Federal debt.
Interesting and factual article in USA Today concerning our national debt of over $21 trillion and annual deficits approaching $1 trillion. Unsustainable. Prepare.
If Congress fails to take corrective action, more than 300 million American lives will be impacted. In fact, it’s no exaggeration to say that billions of lives are will be affected (around the world) if the financial crisis in the United States reaches the tipping point.
Why? Because the economies of most nations are directly or indirectly tied to the U.S. economy. As America goes economically, so goes the world.
I am fiscally conservative, but that doesn’t mean I promote one political party.
Both parties — the Democrats and the Republicans — have acted irresponsibly over the years. I am in favor of any person, group, or political party that will promote (and vote for) for responsible fiscal management.
There are some great people who serve in Congress. Just because the majority are making irresponsible decisions doesn’t mean that every member is in favor of borrowing and spending more.
We should support, applaud, and re-elect members of Congress who consistently demonstrate fiscal responsibility. And we should exercise our rights as citizens to vote out of office members of Congress who promote and vote for fiscally irresponsible legislation.