Tuesday, March 5, 2013

Spending is a Problem



"We cannot spend ourselves rich"
      ~Ronald Reagan 

Recently the President has said "We don't have a spending problem." How could he say this? How could we not have a spending problem. Does the President realize that we are over 16.5 Trillion dollars in debt? He has also added approximately $5.9 trillion to the debt. To give you an idea how big 16.5 trillion is. If you started to count one number every single second, it would take 505 thousand years to get to 16.5 trillion.  

Maybe he does but, by choosing to ignore it, is an arrogant approach. The President has not been the only one to tell this tale. House Democratic Leader Nancy Pelosi said,"I find it a false argument to say the federal government has a spending problem."Jay Carney, White House Secretary said, "Of course the President believes we have a spending problem!" Then why would he give the American people false information? I wish they would just tell the facts...

If we do not have a spending problem, then why did the White House request the debt ceiling to be increased, for kicks and gigs? I think not, this Administration wants to spend more and more. If we do not have a spending problem, why hasn't the White House passed a budget plan for nearly 5 years?

Another example of spending without a revenue source to for it is Obamacare. Obamacare will cost the US Government about 1.2 trillion dollars over the next 10 years (this includes the cost increase, which includes illegal immigrants being to  qualify for be on Obamacare).

Last March, the Minority Side of the Budget Committee estimated that Obamacare would increase unfunded obligations––or federal spending without a dedicated funding source.  This is a problem, how can we pay for something that we do not have the money for?

The President also wants more tax hikes. The President needs to realize that the only way to solve today's fiscal problems is to cut spending. Spending this year will reach approx. $3.6 trillion and climb to nearly $6 trillion by 2023. Even with taxes running above their historic average, spending still outruns tax revenue. This proves that we DO have a spending problem. With these new tax hikes, the deficit will shrink somewhat in 2016, but they will start to rise again, and return to a trillion dollar range by 2023.

John Taylor once said "A nation oppressed by taxes, can never be generous, benevolent or enlightened." He is correct, if we keep getting taxed more and more. We will be a very unhappy nation, unable to be generous or benevolent, even to our own people


Nathaniel Macon was one of our founding fathers. He was part of the Constitution Convention and the House of Representatives.  He was a firm advocate of fiscal responsibility. He refused to spend $7,000 (approx. 120,000 in todays dollars) on a monument to George Washington. NOT because he did not think Pres. Washington deserved it, but because he thought the sum was too large for the Government to pay off before the next election. Mr. Macon took this same approach when the Federalists asked for a large amount of money to wage war against France. Macon responded by saying, "Some people think borrowing five or six million a trifling thing. We may leave it for our children to pay. This is unjust. If we contract a debt we ought to pay it, and not leave it to your children. What should we think of a father who would run in debt and leave it for his children to pay. Ought we not to save all the expenses which are not absolutely necessary?"

The point is this, if the government plans to spend an enormous amount of money on something, they should pay it off. So why is the president spending billions that cannot payed off in 4 years. Is leaving for me and other future generations the right choice for America?

The legend goes that when Nathaniel Macon died, he knew the end was near. So he shaved, dressed and went to bed, but not before calling his doctor and undertaker. He paid both and met his fate. Mr. Macon did not want to leave his debt, however insignificant, to his children. This my friends, is not an arrogant man.

The main way to fix our fiscal problems is to create a budget and cut spending. Please read more about his spending issues, it may surprise you.

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of  our passion, they cannot alter the state of facts and evidence. ~John Adams 











The Politically Incorrect Guide to THE FOUNDING FATHERS
Author: Brion McClanahan, Ph.D.







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