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United States Debt Level Hits $16 Trillion

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As Neil Cavuto says in the clip:  “To put that number in perspective it would be like spending $907,000 an hour every hour since Jesus Christ was born and you still wouldn’t come close to the $16 trillion total. “

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Facebook update – Merging newsletter

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Founding Father Quote:

The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.

James Madison: speech in the Virginia constitutional convention, Dec 2, 1829

 

Senate Votes NO Budget

On May 16th the United States Senate voted on five separate budgets, the Presidents 2013 budget and four budgets sponsored by Republicans.  One of the foremost duties of our elected officials in Washington is to pass a budget.  The US budget prescribes where our tax payer dollars go.  The inability of the Senate to pass a budget is a gross  dereliction of their Constitutional duty.

Is it any wonder that the US debt limited has been risen 5 times in less than 4 years?  How can a government stay fiscally responsible when there is no play book guiding where money is to be spent?  Each of the last three years the federal debt has grown by over a trillion dollars. For every dollar the government spends it borrows forty-four cents.  If you were to run your household budget in this manner where would you be in say 6 months, a year or like the Senate 3 years?

The November election is important in determining the direction of the country.  Elected officials should be placed on notice that their constituents expect them to fulfill their Constitutional obligations which includes passage of a federal budget.  Sound the alarm patriots, engage in conversations with those you meet because this country is worth fighting for and the time is now.

Lets Talk Oil Half-Truths

Recently we have heard numerous statements being presented as “truths” regarding the ever increasing price of gas.  Actually these excuses are  half-truths which  break down into 5 categories.  All patriots should understand how to counter these half-truths with actual facts, so here goes:

(1)  “Oil production is the highest its been in 8 years.”  This statement is true, however not because of anything to do with the federal government or its policies. Oil production in private industries on private land is at an 8 year high. The increase in production is occurring in states such as North Dakota, Alaska and Texas.  On federal land and in offshore drilling, oil production is down 40% compared to 10 years ago.

(2)  “Increase in oil production takes too long and would not impact the market for at least a decade.”  While true there tends to be a lag time between production and market price, often with the knowledge of increased drilling, the markets will react with lower prices or at a minimum a stabilization of crude prices.   In addition, the federal government can impact how quickly known  deposits of  crude can reach markets by speeding up the permit process which now can take years.

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A Thousand Days of Failure

Tonight President Obama delivers his fourth State of the Union address, today also marks  the 1,000th day the Democratic controlled Senate has failed to pass a federal budget.

The Heritage Foundation marks day 1,000 with a series of bullet points on the importance of a federal budget and why the Senate must be compelled to fulfill their Constitutional obligation.

 The last time the Senate passed a budget was on April 29, 2009.

  • Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
  • As of January 20, the outstanding public debt stands at $15,240,174,635,409.
  • Interest payments on the debt are now more than $200 billion per year.
  • President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
  • The Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
  • In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
  • Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security. Total spending on federal health care programs will triple.
  • By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
  • Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
  • Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.

H.R. 2164 E-Verify House Bill Renamed H.R. 2885

This bill is being marked up and discussed in committee TODAY! 

Call and make your voice heard!

The E-Verify bill has been renamed as H.R. 2885, with additional negative features included.  A reminder of the negative features of H.R. 2164 are detailed in this earlier post.  Primarily the focus of concern regarding the elimination of state rights to enforce e-verify remain in H.R. 2885, plus additional concerns which should have every patriot burning up the phone lines.

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Operation Gunrunner Found in Indiana

Breaking news:  An ATF operation which allowed guns to be bought by straw purchasers has been uncovered in Indiana.

Read more about this on  NIPats  forum here.

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