Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

The Public Debt

April 28, 2011 by  

It seems no one in and around Washington, D.C. — not President Barack Obama, not Congressional Democrats, not Congressional Republicans — is willing to tackle the overriding issue dragging down the United States: Federal spending.

Republicans talk about cutting pennies from the growth of government, and Democrats and their sycophantic media label the cuts as extreme. Republicans aren’t even talking about cutting government back to 2008 levels, yet the media talking heads and Democratic leaders become apoplectic when they discuss the Republican budget proposal.

In 2008, the Federal government spent almost $1 trillion less than Obama proposes to spend in his 2012 budget. Obama says his spending is necessary to ensure the operation of the country. Yet government functioned in 2008 on less money. There were no calamities, no catastrophes, no starving masses.

In the past four years, the so-called Federal debt has grown from $9.985 trillion to $14.3 trillion. But the elected elites, Democrat and Republican alike, are unable to even adequately address the deficit — the difference between revenues and expenditures — much less the debt.

President George Washington once said, “No pecuniary consideration is more urgent than the regular redemption and discharge of the public debt.”

That was true in the 18th century. It’s true today. We need to find some statesmen who believe it.

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

Facebook Conversations

Join the Discussion:
View Comments to “The Public Debt”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.