The price for the disaster in Japan is estimated to be $309 billion. The CBO estimates that the USA deficit in February 2011 was $223 billion. The CBO estimates that the federal government incurred a budget deficit of $642 billion for the first five months of fiscal year 2011. Does this shock you? In one month our Federal deficit is almost as great as the entire loss accumulated in the Japanese disaster.
Hundreds of billions of dollars each month, the accumulated treasure of our great nation is being hemorrhaged into oblivion, without purpose, thought or rationality. Why would anyone spend a nation into more debt than could ever be repaid? The GOP House is far too complacent, eager only to symbolically nibble at the edges of this crushing burden. Meanwhile our Socialist Administration, content to bleed this nation into second-class status, gleefully ticks off each day that brings our nation $4.1 billion dollars closer to insolvency, instability and the end of our Constitutional Republic.
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