By CHARLES G. KOCH
Years of tremendous overspending by federal, state and local governments have brought us face-to-face with an economic crisis. Federal spending will total at least $3.8 trillion this year—double what it was 10 years ago. And unlike in 2001, when there was a small federal surplus, this year's projected budget deficit is more than $1.6 trillion.
Several trillions more in debt have been accumulated by state and local governments. States are looking at a combined total of more than $130 billion in budget shortfalls this year. Next year, they will be in even worse shape as most so-called stimulus payments end.
For many years, I, my family and our company have contributed to a variety of intellectual and political causes working to solve these problems. Because of our activism, we've been vilified by various groups. Despite this criticism, we're determined to keep contributing and standing up for those politicians, like Wisconsin Gov. Scott Walker, who are taking these challenges seriously.
Both Democrats and Republicans have done a poor job of managing our finances. They've raised debt ceilings, floated bond issues, and delayed tough decisions.
Bravo.
Dems claim they are for jobs but they do what they can to make employing people more expensive every year.
Republicans claim to support smaller goverment but always expand the size of the Feds and put more people on the payroll.
Thomas Sowell: There are no solutions, just trade-offs.
neptunechimney wrote:
Both Democrats and Republicans have done a poor job of managing our finances. They've raised debt ceilings, floated bond issues, and delayed tough decisions.
And if more people were smart enough to know WHY both sides fail to be smart with our tax dollars, maybe we wouldn't have such a massive wasteful government.
Why do they manage our tax dollars SO poorly? BECAUE IT'S NOT THEIR MONEY!!
Astrology is for suckers and has no connection to science
