She told me we had to do something about all the spending, to make sure people remember that every dollar the federal government spends goes squarely on the backs of hard-working American taxpayers.
I met this young family at a recent tour stop, as part of Americans for Prosperity’s “Obama’s Failing Agenda” tour. With stops already in Florida, North Carolina, Virginia and Colorado, I’ve once again seen firsthand how President Obama’s economic policies are hurting Americans from every walk of life. Across the country, we struggle with the lack of jobs, are worried about the national debt and want government to stop spending irresponsibly.
Over the last four years our national debt has risen nearly $6 trillion, and just last week the debt topped an astounding $16 trillion. To put that in perspective, $16 trillion is enough money to fund the US military, along with the military of every NATO country combined… for the next sixteen years! Government spending is projected to hit $3.8 trillion this year alone. Even after every tax dollar paid by Americans has been counted, the government will still overspend by another $1.13 trillion.
In your household, as with government, spending more than what you bring in means you must borrow the money and live on credit. That young mother of four has a budget and told me about the tough decisions her family must make. Her family doesn’t need to eat out and they have movie nights at home. Her family is responsible every day to make sure they can afford to pay the mortgage, buy food that costs more every month, and stay out of debt as much as possible. Even this little family understands the importance of budgeting better than President Obama.
Sadly unlike nearly every family and individual in America, our federal government hasn’t passed a budget in over three years. Continuing resolutions, which is a bill to continue spending at the same level as the year before, are now the way the federal government spends money. Instead of planning and preparing for the fiscal problems of the future our leaders just accept the excessive spending levels of the past. The budget is essentially on autopilot while our economy continues to lag and the debt piles up.