Thursday, August 20, 2009

Federal Deficit to Hit $1.58 Trillion This Year

Federal Deficit to Hit $1.58 Trillion This Year - Political News -

Some economists have said that the number isn't too bad. Let's look at the national debt. The nation's debt now stands at $11.7 trillion.

With all of the money going out, we are saddling our children with a massive debt. The only way for the government to continue all of their programs is to raise taxes. I honestly don't see any other way.

If we tax the wealthy and corporations, we will only be taking away from investment capital. I suggest that spending needs to be capped at the government level. All expenditures need to be reviewed.

Senator Arlen Specter, during his last televised town hall meeting, was asked about term limitations and if he would support it. He didn't answer the question. He simply said that term limitations already existing and the voters can exercise it during elections.

Well, ladies and gentlemen, we need to exercise our rights and remove those free-spenders from Congress and send people who are fiscally responsible and are there to serve the nation rather than themselves.

While I have been unemployed for almost 9 months, I have volunteered at a local retirement community. I have cleaned tables, helped lead exercises, teach computer classes, lead Sunday morning worship services and Bible studies and a host of other things. In all cases the needs of the residents have always come first.

When people start putting others ahead of themselves, things get down.

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