Congress, Who Do You Think Is Going to Pay Off The $17 Trillion Debt?
Our nation is $17 trillion in debt. Each citizen’s share of the debt is $54,391.10. Based on my birthday, December 24, 1988, my lifetime share of the national debt is $600,800, according a personal debt calculator on the Senate Republicans’ Budget Committee website. A baby born December 24, 2013 has a $1,532,026 lifetime share of the national debt.
See how the picture gets increasingly grimmer for the children of today and future generations? To borrow a phrase from our liberal counterparts, that’s not fair! This has to stop.
Every one of us is directly harmed by the debt; it’s not just some theoretical number drifting about in space. Heritage Foundation expert Salim Furth explains the skyrocketing debt could cause families to loose up to $11,000 a year.
Congress’s insane spending is what got us the $17 trillion in debt we now face. Yet, they continue to pass trillion dollar bills like its their job.
We recently fought the passage of the $1.1 trillion omnibus spending bill, which passed in both chambers and was signed into law by President Obama January 17. Today, the House passed a trillion dollar food stamp and farm bill fiasco, which will likely pass in the Senate and go to the President’s desk for his signature.
This bill is as much of a disaster on the food stamp side as it is on the agriculture policy side. It brings “government handouts to farmers to a whole new level,” and creates egregious loopholes in the food stamp program, such as broad-based categorical eligibility, which allows people to receive food stamps even if they have a million dollars in the bank.
When will our elected officials act in our favor as American citizens and taxpayers? Will they fight against an amnesty bill that will harm us fiscally? Because that’s the next big fight. The Senate is on the verge of passing a flood insurance bill that directly harms taxpayers as well, by delaying reforms that would require homeowners to pay “the appropriate actuarial premium rather than subsidized rates” for flood insurance.
Conservatives need to work to hold Congress accountable — who else will?