February 16, 2011

The Other Super Bowl - The National Debt

by William Warren: Now that the Super Bowl is over, the “other” Super Bowl begins–the battle between the NFL and the NFLPA. While American suffer through the biggest "super bowl" of their lives.

How Much New Debt is Being Proposed By Obama? It is is larger than the total amount of debt accumulated by the federal government from 1789 until January 20, 2009.

Gasp!! Catch your breath yet! Let's look at some facts detailed by the Republican Study Committee:Third and Fourth Trillion-Dollar Deficits in a Row: The President’s budget proposes a $1.65 trillion deficit in FY 2011, and then a $1.1 trillion deficit in FY 2012. This follows a $1.29 trillion deficit in FY 2010, a record-breaking $1.41 trillion deficit in FY 2009, which followed a then record-breaking $459 billion deficit in FY 2008.

28.0% Spending Increase Since 2008: Federal spending has increased from $2.98 trillion in FY 2008 to a proposed $3.82 trillion in FY 2011. This is an increase of $836 billion or 28.0%.

Annual Deficits Turn Into Monthly Deficits: In the four years of budgets under the control of a Democrat Congress (FY 08-11), deficit spending will amount to $4.8 trillion. By contrast, it took twelve years (FY 96-07) for the previous Republican Congress to create total deficits of $1.2 trillion. The annual deficits under the previous Republican Congress (FY 96-07) became monthly deficits under the Democrat Congress (FY 08-11).

Annual Deficits Turn Into Monthly Deficits: In the four years of budgets under the control of a Democrat Congress (FY 08-11), deficit spending will amount to $4.8 trillion. By contrast, it took twelve years (FY 96-07) for the previous Republican Congress to create total deficits of $1.2 trillion. The annual deficits under the previous Republican Congress (FY 96-07) became monthly deficits under the Democrat Congress (FY 08-11).

Democrat Congress Record on Deficits—From Projected $800 Billion Surplus to $9.2 Trillion Deficits: The same month Democrats took control of Congress (January 2007), CBO projected an $800 billion surplus over the ten-year period FY2008-2017. Today, covering the same period—including the actual deficits from FY 2008-2010—as well as what the President proposes in his budget for fiscal years 2011 through 2017, that $800 billion surplus turns into a $9.2 trillion deficit. This is a $10 trillion worsening of the budget outlook in four years of Democrat control of the Congress. This is the budget picture the 112th Congress inherits.
Read the entire brief. It’s full of bad news, but good to know. To fight the cancer we need to address the source of the problem. Don't get sidetracked by the pundits and liberal rhetoric. they are trying to distract the public from the truth.  The enemy is big government spending  which is now in overdrive by arrogant progressive leadership of the Obama administration.

Tags: National Debt, NFL, NFL 2011 Lockout, NFL Labor Dispute, NFLPA, Political Cartoons, Super Bowl, Super Debt, William Warren, Republican Study Committee, big government spending, Obama administration, To share or post to your site, click on "Post Link". Please mention / link to America's Best Choice. Thanks!

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