Friday, March 13, 2009

BUDGET FACTS: A Debt For Our Children To Pay

More Facts About The Democrats' Budget:

Doubling The National Debt Over The Next Eight Years: The Democrats’ budget doubles the national debt over the next eight years.

Increasing Your Families' Share Of The Debt: The current debt per capita exceeds $35,000. The Democrats' budget would double the national debt in only eight years, thus ballooning your share to approximately $70,000.

Growing The Debt At Record Pace: During the last eight years, the debt rose by $4.9 trillion. Democrats will exceed that within three years.

Skyrocketing Net Interest Payments: Beginning in 2012, and every year thereafter, the government will spend more than $1 billion a day in net interest. By 2019, the government will spend $1.7 billion per day on net interest.

Highest Level Of Government Borrowing Ever.

THE BOTTOM LINE: These Facts Have Led The Senate Budget Chairman To Say He Is "Very Uncomfortable With The Buildup Of Debt"

Senate Budget Chairman Kent Conrad (D-ND): "Very Uncomfortable With The Buildup Of Debt." "Sen. Kent Conrad (D-N.D.), a deficit hawk who chairs the Senate Budget Committee, said he is 'very uncomfortable with the buildup of debt' and urged Obama to make good on his promise to overhaul federal retirement and health-care programs." (Lori Montgomery, "Battle Lines Quickly Set Over Planned Policy Shifts," The Washington Post, 3/1/09)

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