$12 trillion and Counting

Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
Wendell Phillips

America borrowed its first dollar to fund the American Revolution.
Two hundred thirty three years later, we owe the People’s Republic of China over $740 billion dollars.
America is becoming the front office fro the rest of the world. They manufacture and export. We process their paperwork.
This must stop.
Our addiction to debt is not exclusive to any political party. History will show us that the national debt soared under the Reagan Administration. But so did our economy.
Would that it were so for the Obama Administration. Our national debt will hit the $12 trillion dollar mark very soon. That is over $30,000 for every American Citizen. My three children, Sophie, Jeb and Clara owe $90,000. They are all under 12 years old.
Over the next ten years, our national debt is expected to double to $24 trillion dollars.
As we migrate to a world made flat by the Internet, America faces even greater challenges to maintain its economic dominance. If our GDP continues to falter, and our ability to generate jobs and manufacture goods continues its downward spiral, the taxpayers of America are going to have to pay back this $24 trillion dollar debt.
This must stop.
We cannot continue to borrow without producing.
We cannot continue to fund programs without results.
We cannot continue to burden our children with massive debt without providing them with a hopeful economy.
It is time for America to wake up and invest its dollars in science, in engineering, in mathematics, in energy research and in programs that will create jobs and opportunity.
It is time for America to invest in America.
We don’t need good editorials and poll numbers.
We need jobs and results.