OUT OF CONTROL SPENDING
posted by Frank Guinta
October 20, 2010 , 4:15 PMIt is the understatement of the decade to say that Washington spending is out of control.
Hundreds of billions in bailouts, a trillion dollars in a failed stimulus and a trillion dollar healthcare takeover are driving deficits through the roof - not just for today, but for as far as the eye can see.
The federal government is spending far beyond its means.
What does this all mean for us? It means we have a massive federal deficit, more than $1 trillion in this year alone. That means we're borrowing A LOT of money from future generations and foreign countries.
In fact, forty cents of every dollar spent by the federal government this year is borrowed m...