Bankruptcy, U.S. Government Style

The audacity of this administration, with tomorrow's approach of the sequestration cuts, never ceases to amaze me. Here is a Government that does nothing but grab every tax dollar it can and insinuate itself into every aspect of American life. At the same time, it consistently spends at least $1.2 Trillion per year more than it takes in through annual taxation. The President's 2013 "budget" proposals, not yet presented formally to Congress, supposedly total $3.8 Trillion, with projected annual revenues at $2.49 Trillion. That proposed "budget" is $1.31 Trillion higher than revenues.  "Discretionary spending" in this "budget" is around $1.2 Trillion. Isn't it funny that you have $1.2 Trillion in discretionary spending when you don't even take in the $3.8 Trillion you propose to spend? In my mind, EVERYTHING above $2.49 Trillion is discretionary, nice to have IF you had it, spending. The sequestration imposes $1.2 trillion in across-the-board, automatic cuts (over 10 years) to both military and domestic programs, set to begin this year. The 2013 share of these cuts is $85 Billion. That is a 2% cut in PROPOSED spending! Unfortunately, despite all the wailing and gnashing of teeth, the sequestration WILL NOT BRING TOTAL SPENDING IN 2013 DOWN TO MATCH REVENUES! The Government will still spend $3.715 Trillion! We will still have to borrow at least $1.215 Trillion dollars if the Federal government spending matches the President's proposed $3.8 Trillion budget (less the $85 Billion in sequestration cuts). What does sequestration get us? It gets us CONTINUED SPENDING FAR ABOVE OUR MEANS and matches the exact spending curve that got us into this mess! It gets us GOVERNMENT OVERSPENDING AS USUAL! Congress, again, has failed the American People. It refuses to meet its fiduciary responsibilities to spend within annual revenues. Until the People express their outrage in terms that throw "the fear of God" into Congress and the Federal Government, we will continue down the path of ancient Rome into ruin. People, at this rate, we have less than 10 years until that ruin is complete. Under President Obama, the Federal Debt will double from $10 Trillion when he took office, to more than $20 Trillion at the end of his second term. Make your decision. I can only pray it is the right one. I, and Patriots like me, will remain voices crying out in the wilderness until a responsible majority does what must be done.

Stand strong, Patriots! No Compromise, No Surrender!