Economic saboteurs of the Global Commie Unionist Corporate Criminal Regimes ;

While the Administration pushed through a failed
stimulus bill, continued the mantra of "too big to fail"
and lobbied for bailout after bailout for private companies,
something was happening to our friends in Greece.

All the spending, entitlement programs, and massive debt
began to catch up with that government and would soon
spur panic across the globe.

The United States
is eerily marching down the same path as Greece.

That path is marked with reckless spending,
soaring debt and historically high deficits.

The United States FY 2009 deficit reached a
record high of $1.4 trillion, or 9.9% of the GDP.

If we continue to follow the President's proposed
budget, over the next ten years our average deficit
will surpass the number that brought Greece to its knees.

Interestingly enough, the CBO reports that the US
debt will jump dramatically from 53% to 63% between
FY 2009 and FY 2010.

And, just yesterday the Treasury Department estimated
that by 2015 the ratio of US debt to GDP would rise
102% to nearly $20 trillion.

One thing remains clear -
the United States has a spending problem.

Rather than reign in spending during tough economic
times the liberals in Congress have pushed through a
massive health care bill that sinks us further into debt,
allows the government to control over 1/6 of our nation's
economy and does nothing to lower health care costs.

Meanwhile,
Americans are still unemployed,
they are still hurting, and they are
forced to watch their government
pass down a burdensome debt to
their children and grandchildren
http://blog.heritage.org/2010/06/11/guest-blogger-rep-hal-rogers-r-ky-on-reining-in-government-spending/

Americans judge the national debt on par
with terrorism as the top threat facing the nation.

Further, independents - a crucial constituency
during an election year - believe the debt to be
the single most threatening issue facing the country,
even topping terrorism.

A quick analysis
of the numbers reveals why the public is alarmed.

Today debt held by the public stands at
approximately $8.6 trillion, up from around
$7.5 trillion less than a year ago.

Over the past 30 years, debt held by the public has
averaged about 39.4 percent of gross domestic product,
and last year stood at 53 percent, the highest since 1955.

Unfortunately, instead of taking swift actions to address
the worsening problem, Congress and the White House
have chosen to double down on the unrestrained spending
policies of the past.

Obama's budget (the only budget available because
Congressional Democrats refuse to draft one this year)
sees debt held by the public hitting 90 percent of GDP
by 2020.

As the world is currently seeing in Greece
and across Europe, there are consequences
to excessive debt levels.

The American people understand
the danger; the question is when our leaders will
http://blog.heritage.org/2010/06/10/national-debt-now-tops-american-fears/

The Commie Saboteurs Cloakroom
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The Commie Coups Against
Domestic Free Enterprise
http://blog.heritage.org/category/enterprise-and-free-markets/

The Communist Hell Care Coup
http://blog.heritage.org/category/health-care/

The Commie Energy and Environment Coup
http://blog.heritage.org/category/energy-and-environment/

Opposing The Commie
Coup Against The U.S.A.
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Exposing
The Satanic Commie World Order
http://sovereigntysrealms.blogspot.com/

Expose Oppose Protest Resist Defy & Defeat :

The Anti Constitutional Anti Republic
Anti Capitalistic Unconstitutional Treasonous
Criminal Satanic Commie Hell Care Whores
& Satanic Globalist Commie Liberal Progressive
Stateist Corporate Unionist Ponzi Schemes,
Lies, Liars, Frauds & Saboteurs