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Showing posts with the label Fiscal Irresponsibility.

Quote of the Day

by: Les Carpenter Rational Nation USA Liberty -vs - Tyranny "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome become bankrupt. People must again learn to work instead of living on public assistance." Cicero , 55 BC Indeed. Evidently we have learned nothing in the past 2,067 years. It has often been said, "The more things change the more they same the same." Apparently it is true.

Our National Dilema... Caused By Fiscal Irresponsibity... Then and Now

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by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny CBS NEWS - The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch. The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It's the most rapid increase in the debt under any U.S. president. The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term. Mr. Obama blames policies inherited from his predecessor's administration for the soaring debt. He singles out: "two wars we didn't pay for" "a prescription drug program for seniors...we didn't pay for." "tax cuts in 2001 and 2003 that were not paid for." { Read More } Indeed the Obama a...