Frank Aquila's Blog

July 26, 2011

Our Debt Crisis

Filed under: Uncategorized — frankaquila @ 12:09 am

It has been over 800 days since the Democrats submitted a budget to limit our debt. Even though the government takes in $200 billion a month in taxes, Obama is used to spending the taxpayers money and increased the national debt over five trillion during his presidency to 14.3 trillion now. What is the use of a debt ceiling if you continue to increase it? He has vowed to veto any Balance Budget Amendment. The Democrats in the Senate rejected the Republican plan to cut spending. If spending is not limited, we will never be able to limit the debt. For example, if interest rates go up by one percent, that alone will add an additional one trillion to our debt per year. Yet, Obama’s solution is for congress to tax business. Obama is using lies, deception, and fear, claiming Americans would not get their Social Security. Not True! The government can run on 200 billion a month; but the problem is wasteful spending such as the millions we send to foreign countries to refurbish foreign mosques as Obama’s community relations effort. The problem is Obama. He has grown government and in the Marxist-Socialist thought, persuades business as evil when government overspending is the problem. Business offers Americans jobs. We need to grow American jobs, keep businesses in America, and cut government spending.

Frank Aquila is a Manteca resident and president of the South San Joaquin Republicans. He can be emailed at mantecarepublicans@yahoo.com

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