Despite taking in record amounts of revenue in tax dollars from the American public it seems that the government remains insatiable in its appetite to spend this money.
Ever since President Obama came into office in 2009 he has added regulation after regulation, further increasing the government’s expenditure of the United States economy. In fact, as of August last year the government consumed a whopping 31% of the nation’s economy.
During Obama’s presidency, the U.S. has seen four out of the top five years of increased regulation in our history. Last summer, the Competitive Enterprise Institute issued a report that indicated that the Evironmental Protection Agency (EPA) alone was working on nearly 3,500 new regulations. These thousands of pages of regulations, along with the trillions of dollars of spending have led to massive debt for the United States government.
And it only gets worse. Just last Wednesday, an auditor for the Goverment Accountability Office (GAO) told legislators that the government is now on track to owe more money in debt than the entire U.S. economy produces.
To read about this alarming report by the GAO and how publicly-owned debt is about to hit historic levels, continue reading on the next page:
no doubt and congress is letting everybody do that
This is new news? It’s been that way for years. If the US government was a business all the CEOs would be in prison
What else is new
THIS IS NOT AN ELECTION !! This is war against corruption !! Just dropping out is not an option. It will take a show of force in Cleveland.. It will be a road trip to FREEDOM…. Plan it or lose your FREEDOM.. It is know or never… BE THERE…. Donald Trump For President….join together and make a caravan across America..
Funny how they can take your gun rights if you’re financially inept. But they can do it all day long and suffer no consequences. Ignorance is bliss.
until the last welfare check is written,,, then,, Constitutional Revival.
Dont we have a debt ceiling to deal with this October?
AMERICAN DOLLAR SOON TO BE REPLACED & LOSE TO CHINESE YUAN THE AMERICAN DOLLAR WILL NO LONGER BE THE RESERVE CURRENCY FOR THE WORLD OUR NATIONAL DEBT IS SO BAD & GETTING WORSE WITH OBAMA & HIS FINANCIAL JIHAD. THAT CHINA, RUSSIA, & MOST OF EUROPEAN COUNTRIES HAVE ALREADY DECIDED SO LOOK FOR THE STOCK MARKET TO PLUNGE & INFLATION TO REALLY EXPLODE OUR DOLLAR LOSE ALOT IN VALUE
They aren’t merely “on track”…they’re already doing it.
America, stop the money & bring the Government, to their Knees.