The national debt is currently over $15 trillion and is equal to 100% of our GDP. As if our current financial crisis isn’t dire enough, President Obama is seeking an additional $1.2 trillion in deficit spending. The fiscal insanity in Washington must be stopped now!
Career politicians have shown again and again that they are incapable of implementing sound fiscal policy. Unfortunately, a Balanced Budget Amendment is necessary to force Congress to do what it best for our country and what it is incapable of doing on its own. The recent failure of the so-called “Super Committee” to reduce our deficit is a prime example of Congress’ inability to resolve this matter.
Fortunately, Republican presidential candidates have been discussing the need for a balanced budget. As the First-in-the-Nation fast approaches, we must demand that those who wish to serve as our President lay out concrete plans on how they will balance our budget. It is easy for one to say he or she supports a balanced budget. But without the details, those words are empty.