Wednesday, October 23, 2013
The Hood River County Republican Central Committee unanimously thanks Congressman Greg Walden for being one of the 144 Republicans who had the common sense to say “no” to the “kicking our country’s budget and debt crisis down the road” to be increased again in three months.
Every one of the 435 members of Congress and the Executive branch know that our country has now created a national debt of $17 trillion with more to come in three months.
The government is currently borrowing more than 40 cents on every dollar it spends; a large part of that coming from the Federal Reserve printing more funny money along with the $40 billion monthly to buy back our own debt. The best guess of Federal Reserve debt is at least $8 trillion of this digital funny money, devaluing people’s savings and IRAs.
The “Continuing Resolution,” instead of the lawfully mandated budget, is projected to add another trillion-plus above tax revenue as far as projections are available. We have another $60-$70 trillion in unfunded welfare promises. All of this is unsustainable!
We citizens are not getting the information to see the real picture of what is happening to our country because of the spendthrift mentality of the federal government.
Meanwhile, the mainstream media, instead of just giving us finger-pointing sound bites, ought to be asking the questions of our government officials how they expect to pay for the hundreds of programs that are part of our three branches of government. The media should be asking why we don’t have a national plan to bring our spending under control.
Like any business or family budget we expect that a budget will be written based on what revenue that is expected. We also expect that our tax dollars will be used wisely by each federal department so that we can actually have a national plan to pay down the debt instead of just paying the interest which will soon exceed all the revenue collected by all the levels of government.
The legislation that was passed last Wednesday did not even begin to acknowledge any effort to tackle our national slide into financial oblivion. It actually authorized some more spending than what the legislation called for. We are headed toward making Greece’s financial collapse look like a picnic.
Tom Yates speaks on behalf of the Hood River County Republican Central Committee.