Washington Bankrupting America?

A recent poll reveals that 74% of voters are extremely concerned about the current level of government spending and 58% feels it is unsustainable.

Is Washington bankrupting America? The public is clearly concerned.. and we are talking only about past spending…

The US government owes $106 trillion in future spending commitments, don't ask me where or how they are gonna get the funding..



The interest payment on debts are going to reach dizzying heights and raise the possibility of America defaulting on its debts.

Politicians and Americans will have to make tough choices about debt reduction. Increasing taxes to pay for government irresponsibility is not a solution.

Real spending reform is needed. Household spending has risen 40% in the last decade and the trend will continue in the next 10 years. Returning to the 1990s spending level would help to balance the budget and reduce debts.

[Bankrupting America]