A new video from Republican Whip Eric Cantor. (14 minutes)
If you have kids, you need to understand what a massive national debt means to your kids. It means they’re going to be very, very poor.’
Here’s another video that ECM sent me. (3 minutes)
Remember in November, especially if you have children.
Related links around the web
Here’s the video from Gateway Pundit.
Ooops:
I wonder how the union boss missed that graph.
And when you look at that graph remember that the Democrats controlled the House and the Senate starting in January of 2007. When things started to fall apart, and Bush didn’t have the political capital to pull out his veto pen and cut wasteful spending and bailouts.
Michele Bachmann doesn’t like unions
Anyway, here’s Michele Bachmann explaining what the 26 billion dollar union bailout will mean for the November elections. (H/T Gateway Pundit)
That’s why government should be limited. You only get to choose how to spend your money in a free market. If the government takes your money, then they get to decide how it’s spent, e.g. – on special interest groups that voted for the party in power. A dollar is either going to be spent by you on what you want – or it’s going to be spent by them on what they want. Think about it – who knows more about what to do with YOUR money – you or a politician who wants to be re-elected? The only solution is to keep government small – and only the Republicans (some of them – not all) are willing to try to do that.
Here’s a nice article from the Wall Street Journal.
Excerpt:
Democrats have been running Congress for nearly four years, and President Obama has been at the White House for 18 months, so it’s not too soon to ask: How’s that working out? One devastating scorecard came out Friday from the White House, in the form of its own semi-annual budget review.
The message: Tax revenues are smaller, spending is greater, and the deficits are thus larger than the White House has been saying. No wonder it dumped the news on the eve of a sweltering mid-July weekend.
[…]As a share of the economy, the White House now says the deficit in fiscal 2010, which ends on September 30, will be even larger than in 2009: 10%. That’s after a full year of economic growth, given that the recovery began last summer. More remarkable still, the deficit will barely fall in fiscal 2011, declining only to 9.2% of GDP in the second year of a recovery that ought to be gaining steam.
Let’s compare Obama and Reagan.
To put this in historical context, consider the nearby table that compares deficits as a share of GDP under Presidents Reagan and Obama. The 1981-82 recession was comparable in severity to the one Mr. Obama inherited and reached similar heights of unemployment. The deficits that resulted from that recession were the source of huge political consternation, with Democrats, the press corps and even some senior Reagan aides insisting that only a huge tax increase could save the country from ruin.
Yet as the table shows, the Reagan deficits never reached more than 6% of GDP, and that happened only in 1983, the first year of economic recovery. As the 1980s expansion continued, the deficits fell, especially as the pace of spending slowed in the latter part of Reagan’s second term.
[…]The Obama deficits are double that, and more than one-third higher than even the Gipper’s worst year. What explains this? Part of it is that Democrats are simply spending much more, sending outlays as a share of GDP above 25% for the first time since World War II. The White House now says outlays will be higher in 2011, at 25.1% of GDP, than at the height of the stimulus in 2009 and 2010.
[…]The other explanation for the record Obama deficits is that revenues have been so anemic, thanks to the lackluster economic recovery. In the Reagan years, revenues as a share of GDP never fell lower than 17.3%, despite (or we would say because of) his pro-growth tax cuts. In 2010, by contrast, the White House now says tax revenues will hit an astonishing low of 14.5% of GDP, rising only to 15.8% in 2011, even with the huge tax increase that hits on January 1, 2011.
Tax cuts worked, and government spending failed. Next time, let’s do what works – not what feels good.
WINTERY KNIGHT 