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 surprises here…..move along. How bout a major push for term limits?
Obama is just finishing his plan to destroy USA. He should have been taken out looong ago
CONGRESS…..STOP THIS SPENDING…..DO YOUR JOB!
Time to garnish the politicians paycheck… They’re getting all those free perks…
No business or household can spend more than they make for so long before going bankrupt. It’s simple math. But we get what we deserve by electing lawyers into office. They can write law that can have 10 different meanings, depending on who reads it. Lawyers are no better than used car salesman.
http://www.ebay.com/ulk/itm/152052423548
Damn
It’s only spending if you get something back!! Santa to the world is not spending!!
Gee…..this couldnt be part of some kind of agenda could it………..yes…..rhetorical
Because we’re paying billions in salary, golden pensions for life and platinum healthcare to a million or so union public service employees. Oh, and we’re paying for their union[s] as well. Does the fun ever start?