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Showing posts with the label The Stimulus Failure

The National Debt Hits New High

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Judging by the race, beginning during the G.W. Bush years, to follow policies that drastically increase our National Debt and budget deficits, it would now seem to be an appropriate time to break out the champaign. Our National Debt just hit $12,031,299,186,290.07 officially at 3:00 p.m. EST November 17, 2009. History has confirmed that American economic policies, followed by administration after administration, since FDR's beloved New Deal have  resulted over time in increasing federal deficits, the national debt, and our reliance on most everything foreign. Now that's not to say foreign competition is bad, but when our country is increasingly owned or controlled by overseas economic and political  interests we as a Nation are in serious trouble. The policies of the past 76 years ain't gonna get us out of trouble by continuing to do the same things and expecting different results. Isn't that one definition of insanity...