Government Credit Card Maxed Out

It seems everyday on Capitol Hill our fearless leaders spend more time attempting to figure out more ways to spend our hard earned money. That is right our money, we go to work and earn it everyday. It seems the politicians today tend to think that it is their right to have our money. Well let me tell you it’s not. Wait, there is more. Today, I read a headline, “Federal Deficit sets October record of $174.6 billion”. As I read, it continues to say that the yearly deficit set a new record of $1.42 Trillion, breaking last year’s record deficit by $985 billion. I understand that part of this is to help save our economy from financial crisis, but the administration said they do not see the deficit going below $739 billion over the next decade. It was stated that congress now faces the dilemma of whether or not to raise the $12.1 trillion dollar debt ceiling that they will pass in December. Out of curiosity, I searched about the U.S. debt I found a sight called the debt clock maintained by Ed Hall (thanks for the info). He says that every American owes $39,038; if you have a young child that includes him or her. That is sad that we are selfish enough to push this off on future generations. He states and Treasury Direct number closely correlates, $11.995 Trillion, and this number increases on average by $3.85 billion. We need to make changes today; I do not want to spend my whole life paying for the stupid decisions made by politicians today. I want to know why the government is allowed to spend money like that when no person or corporation can do the same thing. Have we learned no lessons over the past year of what skyrocketing debt can do to any entity.

Here is the link to Mr. Hall’s site.

Visit the U.S. National Debt Clock