On the news last night, the 2006 federal deficit was revised upward to $400 billion. But as usual, this is without the very real $200 billion or so we’re borrowing from the Social Security surplus. So the real deficit this year is now projected at $600 billion or so, nearly a quarter of the federal budget.
Got that? For every four dollars Uncle Sam is spending, three come from taxes and one is borrowed from your children. (Well, from the Chinese and Saudis, too, but it is your children whose future will be weighed down with the debt.)
What we voters need is a new slogan for this fall’s election: “No incumbent left behind”
Throw all the rascals out.