Words can\u2019t even begin to describe the scope of borrowed federal spending, but it is no doubt a staggering figure that has risen dramatically in the last decade and is more than $4 trillion higher than when President Barack Obama took office less than three years ago.<\/strong><\/p>\n Federal spending, at about 24\u00a0percent<\/a> today, is significantly over the average of 20 percent of GDP, but in a decade it will top 26 percent.\u00a0 Within a generation it will reach nearly 35 percent of GDP.<\/strong><\/p>\n The facts are simple: Entitlements are going to generate European style debt levels unless they are reformed. Paying for it without bringing down their spending would require constant,\u00a0crushing tax hikes<\/a> on all taxpayers \u2014 not just the top 1 percent.<\/strong><\/p>\n And there are some in the House and Senate who understand the problem and are advocating significant action.\u00a0Seventy-two Members<\/a> of the House and 33 Senators<\/a> are\u00a0standing against continued overspending, over-borrowing, and overtaxing. In a letter yesterday<\/a> to the super committee, the House Members wrote, \u201cIt is evident that America has a fiscal crisis because Washington spends too much, not because it taxes too little,\u201d and warned, \u201cIncreasing taxes on Americans would destroy jobs, erase all hope of an economic recovery, and simply serve to feed out-of-control spending in Washington.\u201d<\/strong><\/p>\n If those in Washington do not have the courage to cut the spending, we need to elect people who do.<\/p>\n The super committee is desperately trying to find a way to cut the budget deficit. I am not alone in believing that no solution will be reached. On Friday Heritage.org\u00a0posted an article about what exactly is being discussed. Some basic … Continue reading ![\"Enhanced](\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=672f793b-1ebc-46a7-a66c-d7c627b1d8fd\")
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