Here is the naked truth about the Federal Budget. For every sixty dollars you pay in income tax, the treasury pays out one hundred dollars. Even with the backdoor tax on imports the deficit will be $1,200,000,000,000 each year for the next decade. Who is responsible in Washington, D.C. for this fiscal catastrophe? We are $22,000,000,000,000 in the hole now. If we don’t have a recession – Ha, Ha, Ha – during the next ten years we will be over $35,000,000,000,000 in debt.

The President has said he wants the Federal Reserve to cut the rates to zero or below so we don’t have to pay out much interest on the debt. Rather than putting the country’s fiscal policy on a firm footing, the President is doing his slight-of-hand financing he used in business.

Most of the Democratic Presidential contenders are proposing radical but needed programs which will cost trillions. Some have come up with a tax increase to pay for it. None of them have even mentioned the huge deficit and debt we are already making future generations pay for. This is the question to ask anyone running for any political office whether it is for city, county, state, or national office. What is your plan to eliminate the budget deficit and debt without using some fantasy income or shifting debt to the future? They are all running deficits. Keep asking until they answer! Make it clear if they don’t have an answer then they should not be in office!