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:
Oh yea.
What’s New?
And they want a raise. They stink at their jobs.
That’s why we need Trump for managing this country.
DARKNESS………NWO………..
Obama’s goal was to bankrupt America and take alll the freedoms away from the country and turn it into a socialist muslim country
Politicians are pocketing our money and paying off Congress and Reps. hush money so they can promote dark plans behind closed doors
Bankrupt America…an inside terrorist attack !!!
That already happened about 3 years ago
Get rid of congress’ salaries and perks and we can pay off debt in a reasonable period of time. Congress is nothing but a drain on society-they have turned deaf ears and blind eyes to what We, the People want