Boehner's Blog 

“President Obama and congressional Democrats have set out on a spending spree the likes of which our nation has never seen.

“This Sunday marks a day that is symbolic not only of our government’s arrogant culture of spending – but of this Administration’s borrowing binge as well. It’s called ‘Debt Day.’ Many workers have become familiar with a concept known as ‘Tax Freedom Day,’ which is the day on which Americans begin working for themselves each year, after having covered Uncle Sam’s tax bill for the year. Debt Day is very similar. It is the day of the Fiscal Year – beginning on October 1 of the previous calendar year – on which total government spending exceeds total federal revenues. And in our current Fiscal Year, that falls on April 26 – this Sunday, just days before the Administration’s 100th day milestone. In short, about halfway through Fiscal Year 2009, Washington has run out of money.

“I often like to highlight the folly of politicians spending money we don’t have. Well, Debt Day illustrates exactly what I’m talking about. Starting this Sunday, every day between now and September 30, 2009, when the federal government’s budget year ends, we’ll be deficit spending and piling more massive debt onto the backs of our children and grandchildren.”