$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


Jul 26, 2024
Press

McMorris Rodgers, Bishop to Host 2024 Military Family Summit at Fairchild Air Force Base  

Washington, D.C. – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) and Congressman Sanford Bishop (GA-02), Co-Chairs of the Congressional Military Family Caucus (CMFC), will host the Congressional Military Family Caucus Summit at Fairchild Air Force Base, August 14, 2024, from 8:30 AM – 2:00 PM PT. “Each year, I look forward to hosting the Military Family […]



Abraham Accords Caucus Hosts Second Gaza Working Group Meeting

Washington, D.C. — The Co-Chairs of the Abraham Accords Caucus, Representatives Brad Schneider (IL-10), Ann Wagner (MO-2), David Trone (MD-6), and Cathy McMorris Rodgers (WA-05), convened the second meeting of the Gaza Working Group this week. The Co-Chairs were joined by key diplomatic figures to discuss ongoing efforts and future plans for Gaza’s reconstruction and long-term peace. Ambassadors […]



McMorris Rodgers Statement on Prime Minister Netanyahu’s Joint Address to Congress

Washington, D.C. — Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) released the following statement after Israeli Prime Minister Benjamin Netanyahu delivered a Joint Address to Congress this afternoon. “Today, Israeli Prime Minister Benjamin Netanyahu delivered a passionate and inspirational address to Congress while anti-Israel protestors and terrorist sympathizers waved Hamas flags in the streets outside […]