Friday, January 13, 2012

Raising the debt ceiling

In case you didn’t know, president obama has asked congress to raise the debt ceiling again. This time it’s only $1.3 trillion! By raising the debt ceiling that means the federal government has to borrow another $1.3 trillion dollars to pay our bills.

You may be asking yourself, who can we borrow that much money from? Donald Trump? George Soro’s? I know Warren Buffet? NOPE! We borrow from China and from ourselves. The Federal Reserve just keeps printing money. Sound good but, printing more money de-values our current dollar, making it more expensive to buy goods and services from around the world. Have you noticed the price of goods going up? Just go to the grocery store, you’ll see what I mean.

What I find alarming is, this president has increased our nations debt by over
$7 trillion dollars since he took office. In doing so, not once has he offered to cut spending of any kind.

What does that mean to you and me? Someone has to pay back the money our government is borrowing, and that someone is YOU! I know what you’re thinking, how on God’s green earth are we going to pay back over $17 trillion in debt?
The answer is simple, you’re not. YOUR CHILDREN ARE! AND THEIR CHILDREN AND THEIR CHILDREN’S CHILDREN get it?

Here is where we come in. We need to understand the problem and DEMAND from our elected officials both democrat and republican to STOP THE INSANITY! We MUST pass a balance budget amendment. If we don’t, guess what, president obama will ask to raise the debt ceiling again and again and again!

Can you say BANKRUPT NATION?

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