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It Is Time To Get Our Budget In Line

April 8, 2009

Sad to say but the recent financial meltdown is the least of our problems.

$13.1 trillion has already been allocated by the Federal Reserve and U.S. Treasury during the financial crisis for bailouts and stimulus’s. Although only $2.8 trillion has actually been spent so far, we believe the entire $13.1 trillion will inevitably be spent and it is just the tip of the iceberg.

Our country already has an $11.1 trillion national debt and $55 trillion in unfunded liabilities for social security, medicare and other social programs. Combined with the bailout and stimulus allocations, the U.S. is now in the hole for close to $80 trillion.

Time for a Taxpayers Bill of Rights.

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