Washington's total disregard for fiscal discipline has jeopardized our country. Unfunded mandates, insurmountable debt and unconscionable spending threaten the foundation of personal and economic liberty upon which our nation is built.
For the past decade, Washington has persisted in borrowing and spending at unsustainable rates. In just eight years the federal debt has nearly doubled, reaching an all-time high of $12 trillion. Additionally, for the first time in history, almost half our federal debt is held by foreign nations. In order to fund its spending habits, Congress has become increasingly dependent on other countries to purchase U.S. Treasury bonds and securities.
The stark reality is this — Washington is transferring our wealth and influence to foreign nations. Unless fiscal discipline is restored, our children and grandchildren will be encumbered with the costs of today without any of the promises of tomorrow.
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Washington's total disregard for fiscal discipline has jeopardized our country. Unfunded mandates, insurmountable debt and unconscionable spending threaten the foundation of personal and economic liberty upon which our nation is built.
For the past decade, Washington has persisted in borrowing and spending at unsustainable rates. In just eight years the federal debt has nearly doubled, reaching an all-time high of $12 trillion. Additionally, for the first time in history, almost half our federal debt is held by foreign nations. In order to fund its spending habits, Congress has become increasingly dependent on other countries to purchase U.S. Treasury bonds and securities.
The stark reality is this — Washington is transferring our wealth and influence to foreign nations. Unless fiscal discipline is restored, our children and grandchildren will be encumbered with the costs of today without any of the promises of tomorrow.
