Monday, September 17, 2012

$10.5 Billion Per Day

A young mother with four beautiful children in tow came up to me in Colorado Springs this week. She motioned to her young children – all smiles and laughs – and told me that each one of them is now nearly $52,000 in debt because irresponsible government spending which as greatly accelerated during the Obama Administration. Children who aren’t old enough to pick out their clothes for school and still need help tying their shoes are in debt through absolutely no fault of their own.
She told me we had to do something about all the spending, to make sure people remember that every dollar the federal government spends goes squarely on the backs of hard-working American taxpayers.
I met this young family at a recent tour stop, as part of Americans for Prosperity’s “Obama’s Failing Agenda” tour. With stops already in Florida, North Carolina, Virginia and Colorado, I’ve once again seen firsthand how President Obama’s economic policies are hurting Americans from every walk of life. Across the country, we struggle with the lack of jobs, are worried about the national debt and want government to stop spending irresponsibly.
Over the last four years our national debt has risen nearly $6 trillion, and just last week the debt topped an astounding $16 trillion. To put that in perspective, $16 trillion is enough money to fund the US military, along with the military of every NATO country combined… for the next sixteen years! Government spending is projected to hit $3.8 trillion this year alone. Even after every tax dollar paid by Americans has been counted, the government will still overspend by another $1.13 trillion.

Read more: http://townhall.com/columnists/timphillips/2012/09/17/105_billion_per_day

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