Fimian Minute: Runaway Spending
Posted by Team Fimian - Thu, March 11, 2010 at 06:45 AM
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It seems like yesterday Bush was being chastised by the left for running a 200 Bil deficit and that we could not afford “the war” nor the “tax cuts for the rich” which by the way brought more tax revenue to the treasury. You touched on 2 of the ways the government raises money; printing it and selling debt. The third and only other way is the next step for this administration; TAXES.
No that’s what I like - common sense straight talk. We’re in this economic mess largely because households borrowed money they couldn’t pay back. The President and Congress are doing the same thing with Federal debt. Thank God you will help stop them.
Another good minute. But the real issue on spending is entitlements as far as the eye can see. SS fund was due to need additional funding by 2016-opps!
How about now 2010-announced two days after Health Care passed.
This is an ideology battle for the first time in a very long time…are we to become a country where a majority of citizens depend on the government more than their individual initiative?
Thomas Jefferson said it all…“the government that governs the least, governs the best, for this helps to insure the discipline of its individuals” (something close!) Keep it up Keith