Wednesday, July 6, 2011

Facts On Our National Debt

     Within less than one month, Congress will probably vote on whether to raise the National Debt, which has doubled over the past five years.

     The federal government borrows forty cents of every dollar it spends.  As a result of the Obama Administration's dramatic spending increases, the national debt grows at the rate of $1.6 trillion annually, (that's $120 billion each month.)

      A very significant portion of this debt is the result of the federal government doing what it was never, constitutionality or logically, structured to do.  Areas such as education are far more efficiently structured on the state and local level than on a national level.

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