Not All Records Were Made to be Broken!

By Rep. John Shadegg | 03/30/09 | 07:25 PM EDT | 3 Comments

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The President’s nearly $3.6 trillion budget proposal to be voted upon in the U.S. House this week is making history in all the wrong ways. At a time when the American people are hurting, Washington Democrats propose adding an historic weight to the already painful burden the American taxpayers must bear – shattering old records of government taxing, spending and borrowing.
 
The President’s proposed budget would mean:
 
-The largest tax increase in our history
$1.4 trillion over 10 years, including $3,128 per family in energy taxes
 
-The largest deficit
$1.8 trillion in 2009, 4 times larger than the previous record of $407 billion
 
- The largest deficit as percentage of Gross Domestic Product since WWII
          12% in 2009
 
-The largest national debt in history
$12.7 trillion in 2009, greater than the sum of all debt from 1789 to today
 
-The largest debt as percentage of GDP since 1955
69.3% in 2009
 
-The largest share of the GDP controlled by the government since WWII
          27.4% in 2009
 
-The largest non-war government expansion since the New Deal
          25% spending increase in 2009

Reckless spending and excessive debt sparked this recession.  Why do politicians think that more is the way out?  
 
This is not a road to recovery – it’s a road to bankruptcy.

 

 

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3 Comments | Related Topics »National

 

Comments

 
One of the true, committed

One of the true, committed voices of limited government and common sense. Great to see you here, Congressman.

Submitted by Chip Hanlon on Mon, 03/30/09 - 07:33 PM » | Print
 
 
Representative Shadegg is a

Representative Shadegg is a genuine fiscal conservative. Nice to see him here on Red County!!

Submitted by Rick on Mon, 03/30/09 - 07:34 PM » | Print
 
 
Thanks, Rep. Shadegg

Thanks for your timely info, John.  Keep up the great work.  I hope all GOP members of Congress and some of the "Blue Dogs" fight the reckless spending of most of the Dems. 

Submitted by Christian Milord on Mon, 03/30/09 - 08:09 PM » | Print
 

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