| Dear Members, On Thursday from noon until 1:30 PM, Patriotic Americans will be meeting at the Robert A. Taft Memorial on the North West side of the Capitol for a Continuing Revolution Rally to demand Congress stop shirking their duty by passing short term Continuing Resolutions and finally pass a fiscally responsible budget.
For more information about the Continuing Revolution Rally please visit: http://www.teapartypatriots.org/crr.aspx 
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| The Facts |  In advance of Thursday's Continuing Revolution Rally, it will help to know some of the facts about the failure of Congress to present a responsible budget. Many members of the GOP are proud that they have cut $10 billion from the budget over a period of 5 weeks. And while cutting spending rarely ever happens in Washington DC, Republicans and all Americans need to keep things in perspective. The facts are simple. Let's review. - The same day that the House GOP voted to cut $6 billion, our national debt jumped up by $72 billion [2].
- An analogy: If every penny represents $1 billion, our national debt plus current deficit equals 15,800 pennies. The GOP has removed 10 pennies so far. That's it. And the Democrats wanted to remove about 4 and 1/2 pennies for the rest of the fiscal year, which ends in October.
- The national debt is over $14.2 trillion [3] while we borrow about $4 billion every single day. This doesn't include unfunded liabilities (see below).
- $10 Billion in cuts is equal to 0.07% of the national debt. That's less than 1/10th of 1%!!!
- The current deficit is projected to reach $1.6 trillion - just for this fiscal year.
- Our deficit for the single month of February (the shortest month of the year!) was $223 billion [4] - the largest deficit in our history.
- We would have to invest $60 trillion right now [5] to cover the current unfunded liabilities of our federal government, including the debt and current deficit. In other words, we need $60 trillion today to keep the promises of payments made by politicians who will be long gone when the bills come due.
- Every single US man, woman, and child owes almost $200,000 to pay for the deficit + debt + unfunded liabilities.
The recent events in Japan are showing us that a nation living so close to the fiscal edge cannot afford an unexpected disaster to occur [6]. We are drowning in so much red ink that one unexpected, unpreventable, uncontrollable event could bring our house of cards right down on top of us. ^ Back to Top |
| Your Tea Party Patriots National Coordinator Team, Debbie Dooley, Jenny Beth Martin, Mark Meckler, Sally Oljar, Diana Reimer, and Dawn Wildman
TPP Support email: support@teapartypatriots.org
TPP Support phone number: 404-593-0877 Tea Party Patriots, Inc. operates as a social welfare organization organized under section 501(c)(4) of the Internal Revenue Code. Contributions to Tea Party Patriots, Inc. are not deductible as charitable contributions for income tax purposes.
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| American Policy Summit | 
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