$12 Trillion National Debt Endangers America’s Future

Have a friend who isn’t worried about the debt?  Show them the national debt clock.

And see below for some good articles about the debt, TARP, and dangers to our economy:

America Is Still Hurting From the First Stimulus — Another One Would Be a Calamity

The main reason the February 2009 stimulus failed to help our economy is that it did not address the major cause of growing unemployment—low job creation in the private sector. Entrepreneurs who don’t receive government contracts are not going to expand their workforce in this economy. Stimulus items in the February 2009 package such as increasing federal funding for the arts and Pell Grants for college students–whatever their other merits–do not lead to much job creation or retention. And the sharp increase in federal spending from the stimulus also crowded out spending by the private sector that could have generated new jobs. This will get worse later when the real costs of the stimulus hit us–when the bills for all this spending come due to us, the taxpayers. It’s been estimated that every $1 of stimulus spending will lead to a future fall in GDP of $1.23.

China's Debt Bomb:

“By their carelessness Congress and the Obama administration are steadily handing over control of America's economic and financial future to a handful of Chinese officials and generals in Beijing. Those who think the Chinese won't use that control if they feel they have to are ignoring history — and the Chinese.

Obama Coddles Wall Street:

“In a report issued Feb. 1 which drew remarkably little attention from the news media given its importance, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, the $700 billion bailout for financial institutions, said TARP has not done what it was supposed to do and could be setting the stage for a worse fiscal meltdown in the future.”

Recent Posts

Jun 18, 2024

McMorris Rodgers Responds to Biden Administration’s Sham Report on Columbia River System

Spokane, Wash. – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) released the following statement after the Department of the Interior published a report today on the “Historic and Ongoing Impacts of Federal Dams on the Columbia River Basin Tribes.” “This bad faith report is just the latest in a long list of examples that prove […]

Jun 14, 2024

McMorris Rodgers Statement Remembering George Nethercutt

Washington, D.C. – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) released the following statement honoring former U.S. Representative George Nethercutt, who passed away today. “My heart is sad. George Nethercutt was a giant amongst men who served the people of Eastern Washington with honor and patriotism for a decade. George was a man of character […]

Jun 14, 2024

House Approves McMorris Rodgers Priorities, Pay Raise For Troops in Annual Defense Package

Washington, D.C. –  Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) today released the following statement after the House of Representatives passed the FY25 National Defense Authorization Act (NDAA), which included two provisions she wrote and a number of wins for servicemembers in Eastern Washington: “This year’s National Defense Authorization Act is a critical investment that […]