We're broke. It's a fact. And the beauty of a fact is there's truth behind it, and to hide from the truth is difficult. With a $14 Trillion dollar National Debt and a Government that refuses to stop spending, the outlook for America is grim. Tough choices have to be made. Choices that should have been made years, maybe even decades, ago to correct the spending habits of both parties.
This past week the Obama Administration released their FY2012 Budget. O's budget is 216 pages of increases in spending and taxes. The Cato Institute analyzed the impact of O's Budget.
The impacts are almost unimaginable:
- Total Budget = $3.7 Trillion Dollars in spending
- Increasing this year's deficit to $1.65 Trillion
- Adds $13 Trillion to the Deficit over the next decade.
- By 2020 the Debt will be at or above 100% of GDP
- Taxes increases of $1.6 Trillion over the next decade
* Stats taken from the above Cato Institute article
The Republicans aren't offering much better, so don't even get your hopes up.
As difficult as it might be to do, look past the numbers, and look to what this tells us about today's leadership. We don't have any--at least at the Federal level. But there are glimmers of hope and change, pun intended, at the State level with the new and established Governors.
Governors Walker & Christie are new on the scene and focused on their State's fiscal health. Just this past week Walker's budget has caused protests and outrage within the state of Wisconsin. Christie has quickly become the model for tough, honest Republican rhetoric.
Many of us have been ready for this revolution. We've seen the writing on the wall for some time, but are we a majority yet? Are there enough of us to vote for those that will lead?
I guess only time will tell.