Steve R. Smith, Grovetown
Tuesday, Feb. 28, 2012
The Columbia County Tea Party is disgusted and fed up with
the entire Congress and our president, and will vote against
all incumbents running for Congress and the president, and
you should also. Here’s why:
Congress has created a $15 trillion debt for which you and
I have to pay $400 billion in interest each year. That is
more than $1 billion every day of the year – not just the
days we work, but on our days of rest, too!
How did Congress run up such a huge debt? By spending more
money than is collected in federal taxes for years and years,
as urged and approved by the sitting presidents. How many
years do you think Congress has overspent with the blessing
of the sitting presidents?
You can see by looking at the official financial records of
the U.S. Department of the Treasury’s Bureau of the Public
Debt on the national debt. It rose steadily from more than
$276.3 billion on June 30, 1958, to more than $15.4 trillion
as of Feb. 16. To see the Bureau of the Public Debt’s full,
official reports, go to
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
Can you find honest, sensible reasons for our past
Congresses (Republican- and Democrat-controlled) and many
presidents (Republican and Democrat) to have spent that much
money over and beyond federal taxes paid – all federal taxes,
not just federal income tax – every year since 1958? I can’t.
How about reasons that justify paying more than $1 billion in
interest a day, much of it to foreign governments who hold U.S.
Treasury notes? Couldn’t that billion a day be better used to
help us here at home?
That’s why we have lost faith in our current incumbent members
of Congress and our president – because they are doing
absolutely nothing to reduce the national debt and, in fact,
voted to raise the debt by more than $1 trillion last August,
and now this month are voting to raise it an additional $1
trillion.
The incumbents obviously have no intention of ever reducing
the national debt. Therefore, if you want the national debt
to be reduced, you are going to have to vote out the
incumbents to get new members into Congress and the presidency
who have the desire, drive and will to get the federal budget
under control and start paying down the national debt.
If you enjoy paying more than $1 billion a day in interest –
much of which is going straight into the pocket of the Chinese
government – and wish to continue doing so the rest of your
life, then by all means, keep voting for incumbents in Congress,
and you will get your wish.
Good letter. Toss out Speaker Boehner (OH) and Majority Leader Cantor (VA), but please keep Duncan (SC3, 99%), Wilson (SC2, 94%) and Broun, (GA10, 90%)and DeMint (SC,99%).
ReplyDeleteThe reason for debt is simple. You get money you want to spend by taxing, borrowing or printing. Raising taxes will usually elect your opponent; borrowing makes another generation responsible for paying and allows you to retire in luxury on insider trading profits; printing more money than necessary causes inflation but is a hidden tax ($3600 on every $100,000 this year).
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