U.S. taxpayers generate roughly $2.17 trillion. Our federal budget is about $3.82 trillion, our new debt is about $1.65 trillion, our national debt is $16.6 trillion, and the total budget cuts from sequester are $44 billion.
Even if Congress cut spending to balance the budget and saved $1 million per day to pay down the debt, it would take 2,740 years to pay off $1 trillion dollars and 45,484 years to pay off the entire national debt. This does not include the daily accrual of interest on the debt or the $122 trillion of unfunded liabilities due to Social Security or Medicare.
Each year, the federal government admits to wasting $125 billion through fraud or unaccountable money. How can our government waste $125 billion per year, while President Obama states it will be a “catastrophe” if we cut $44 billion? He has threatened to shut down essential services and furlough workers.
Beyond that, he has used the opportunity to scare the public by releasing 5,000 illegal immigrants, threatened general safety and inconvenienced travel in an attempt to trouble the American people and blame those who want responsible spending.
Obama may be trying to scare the American people that Republicans are going to cause people to suffer, but it is his lies and this fraudulent and deceptive government that is destroying America.
The framers of the U.S. Constitution feared an all-powerful government. They established checks and balances to limit the power of the government over the people. Over the years, our government has become larger, gained more authority over the people, and has become more corrupt.
If the government were a business, it would be in bankruptcy — and those running it would be in jail for fraud and deception.
• Frank Aquila is the president of the South San Joaquin Republicans, an independent political organization that operates in the south county, including Tracy.