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.
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 .
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  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  - the largest deficit in our history.
We would have to invest $60 trillion right now  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 . 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.
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