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Thursday, November 17, 2011

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Bankrupting America: We all have heard the classic Washington scandal of a Congressman being unfaithful. The indiscretion usually causes a public outcry leading to a public apology and resignation. But what happens when a member of Congress is unfaithful to the economy?

For decades Washington has spent far beyond its means. This overspending has saddled the country with a national debt of over $15 trillion – a point at which it is now hamstringing economic growth. And even now, as the economy begs for attention, lawmakers are unable to make things right.

As millions of Americans sit out of work and a recovery falters, isn’t it time Washington shows a little fiscal fidelity?

With our national debt approaching $15 trillion and our continued slow economic growth, the real scandal in Washington is the inability of Congress to take our fiscal matters seriously.

The supercommittee must keep their promise to cut government spending by at least $1.5 trillion. This would be a strong signal that our government is taking our financial woes seriously. [Video Source]


Tags: budget, Congress, debt, deficit, federal deficit, supercommittee, fiscal fidelity, Bankrupting America To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!

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