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No Wonder We Have a Debt Crisis

12/22/2011

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Next week President Obama will ask Congress for an additional $1.2 trillion in borrowing authority.  

The national debt already exceeds $15.164 trillion and increased by $1.13 trillion this year.  


The government is spending money we don't have on things we don't need.


In a recent report, Senator Tom Coburn listed a few examples (out of thousands) of wasteful government spending:

• $75,000 to promote awareness about the role of Michigan in producing Christmas trees & poinsettias.

• $15.3 million for one of the infamous Bridges to Nowhere in Alaska.

• $113,227 for video game preservation center in New York.

• $550,000 for a documentary about how rock music contributed to the collapse of the Soviet Union.

• $48,700 for 2nd annual Hawaii Chocolate Festival, to promote Hawaii's chocolate industry.

• $350,000 to support an International Art Exhibition in Venice, Italy.

• $10 million for a remake of "Sesame Street" for Pakistan.

• $35 million allocated for political party conventions in 2012.

• $765,828 to subsidize "pancakes for yuppies" in the nation's capital.

• $764,825 to study how college students use mobile devices for social networking."


Is it any wonder we have a debt crisis?  

It's time to stop unnecessary spending!!!




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