Taxing and Spending


Debt – The Reality

debt-ball-and-chainsToday, the US national debt is increasing at a rate of $50,000.00 per second. That is equivalent to burning a nice new four-bedroom house to the ground every five seconds. This is even worse than redistribution of wealth; it’s destruction of wealth. Your wealth, your kids wealth, and their kids — wealth that would otherwise mean greater health and prosperity for everyone, including the needy.

Visit DefeatTheDebt.com to learn more. Or, you can see more detail from The US Debt Clock.org. Find out how much your share costs. Hover your mouse over any parameter and find more information. Also visit The State of Washington Debt Clock.

Thomas-Jefferson

We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude. If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds…[we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers… And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for [another]… till the bulk of society is reduced to be mere automatons of misery… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.

~ Thomas Jefferson


How Much is $1 Trillion?

A billion here, a trillion there … after a while you’re talking about some real money! Let’s see how much, shall we? Let’s shall!

A while back, the president announced some budget cuts. That sounds good until you see how they compare to what’s actually needed.