Thursday, March 4, 2010

Not Enough Money

Federal tax receipts for 2010 are estimated $2.381 trillion. Obama's budget for 2010 wants to spend $3.55 trillion (plus another $137 billion for the wars). That leaves us $1.3 trillion dollars in the hole.

You read that correctly. One third of our federal government's expenditures this year will be paid for by...

If that wasn't bad enough, we are running a hefty trade deficit. In 2009, we exported $1.553 trillion worth of goods and services. In the same year, we imported $1.934 trillion. That means last year a whopping $380.7 billion left our country.

Taken together, that puts us $1.687 trillion in the hole FOR A SINGLE YEAR. People, that is BAD.

And it's only going to get worse unless we change course NOW.

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