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Posted: 9:14 a.m. Monday, Jan. 24, 2011
By Neal Boortz
Here's something to start your week off right. Then again ... maybe not. Over the coming years, our federal officials will be forced to deal with our deficit crisis. While the fault lies on the years of mismanagement and growth of government, the fact is that it is the politicians who are currently in Washington who are going to have to find the gonads to actually tackle the problem. If they don't ... well let's just say that I've got my escape plan. So here is your wake-up call, your frightening statistic of the day. This from CNSNews:
The federal government's reliance on borrowed money to carry out its functions more than doubled between fiscal year 2008 and 2009, according to the Internal Revenue Service (IRS). Also, between fiscal year 2007 and 2009, borrowing as a percentage of federal income increased by 566 percent.
Here's the deal with "borrowed money." This is all money that eventually has to be paid back. And who is going to be paying this money? Your grandchildren. As soon as they pop out of the womb, you can consider them a slave to the federal government. Who knows ... by the time they are grown, they may work half their life (or more!) just to pay off the debt that our lousy government is currently incurring.
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