Erskine Bowles, President Obama’s appointed co-head of the Deficit Commission, has given the president some bad news…..the US budget deficits are a “cancer” that will “destroy the country from within” unless some tough choices are made soon. Bowles, the former chief-of-staff for President Clinton in 1997-98, was the administrator on the Small Business Administration in 1993-94. He is also a member of the board of directors of General Motors and Morgan Stanley……a man truly intimate with the federal government and the reckless use of taxpayer money!!
As reported in the editorial posted on Investor’s Business Daily (click on link below), the outlook is “grim” based on current estimates. The $13 Trillion federal debt will reach $20 Trillion by 2020 if we continue on the same path. The spending of the Bush Administration when coupled with the socialist entitlement programs of Obama will drive America to bankruptcy similar to Greece.
The time has come to elect fiscally responsible representatives in the House and Senate! The only real answer is to shrink government! It is time for Americans to take control of the morons that are spending us into bankruptcy! Stand up! Be counted!
2010…Without Doubt, Vote Them Out!!
2012…Change That Really Counts!!