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Federal Deficit Tops $1 Trillion, Highlights Need to Cut Spending Now

Associated Press reports that “with three months still to go in the budget year,” the “federal deficit has topped $1 trillion” for the second year in a row – an unsustainable pattern driven by “runaway government spending,” according to the Heritage Foundation’s Brian Riedl. Riedl explains:

“The fact is that rapidly increasing spending will cause 100% of rising long-term deficits.  … Using the budget baseline deficit of $13 trillion for the next decade as described above, CBO figures show spending surging to a peacetime record 26.5% of GDP by 2020 and also rising steeply thereafter. Putting this together, the budget deficit, historically 2.3% of GDP, is projected to leap to 8.3% of GDP by 2020 under current policies.”

Riedl notes that the massive “stimulus” spending bill is partly to blame for the “trillion-dollar deficits beginning in 2009.” But as economist Thomas Sowell argues, “the stimulus is not actually stimulating” and “the unemployment rate remains up near double-digit levels, despite all the spending…”

That’s why Congressman Boehner is fighting to cut government spending and help small businesses create new jobs. His goal is to implement reforms that boost our economy and help get control of the debt at the same time. Our 8th Congressional District – and Ohio overall – needs jobs, not more spending and more debt.

Unfortunately, the Democrats running Washington have no plan to create jobs and no plan to cut spending – they don’t even have a budget. Instead, they’re trying to deflect attention away from their failures by 1) attacking Boehner, 2) blaming Republicans for “stalling” their agenda (despite the massive Democrat majorities in both the House and the Senate), and 3) “planning an ambitious, lame-duck session to muscle through bills in December they don’t want to defend before November.”

But John’s not letting them get away with it. In a press conference today, Boehner explained that Democrats are in trouble because their jobs-killing agenda is “the opposite of the what the American have wanted”:

BOEHNER: “The president says we’re moving forward but the American people are asking, ‘Where are the jobs?’ Democrats say they’re focused on jobs but they can’t even fulfill the basic responsibilities of governing like doing a budget or passing a troop funding bill to take care of our troops.

“They’re going try to do everything they can to make this election about us because they don’t want it to be about them. But it is about them. They’re the ones who voted to increase taxes. They’re the ones who voted for these trillions of dollars in wasteful Washington spending. It was their majority that imposed ObamaCare on our country. You can’t take the focus off them. They can try all they want; they’ve got big majorities in the House and Senate, they have the White House, and the policies they’ve pursued have been the opposite of what the American people have wanted.”

With trillion-dollar deficits as far as the eye can see and a $13 trillion debt, it’s time to cut government spending now. If you want to get involved in Boehner’s campaign to cut spending and create jobs, click here to become a Boehner Campaigner today!

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2 Responses to “Federal Deficit Tops $1 Trillion, Highlights Need to Cut Spending Now”

  1. Lewis Emis says:

    Keep fighting for the American way!

    I have never seen a president blame another party to the extent this one does. His primary focus should be to bring all parties together and work to get a bi-partisan agreement on issues – even his own. He has been spending a great deal of time on the blame game!

    I appreciate all the hard work you’re doing for this country, it’s people and the Republican party. Keep up the great work!

    Lewis Emis

  2. Wes Troyer says:

    I think. the democrat are so afraid of Losing. That they are using sair attack. and they should know they don’t work.

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