News Releases

ALG: Debt Grew By $1.1 Trillion In 2014

NOT $484 BILLION … Feb. 2, 2015, Fairfax, Va. — Americans for Limited Government President Rick Manning today issued the following statement in response to the latest White House budget proposal for FY 2016: “It is indeed mindless to be lectured on the need to end austerity by a President…

NOT $484 BILLION …

Feb. 2, 2015, Fairfax, Va. — Americans for Limited Government President Rick Manning today issued the following statement in response to the latest White House budget proposal for FY 2016:

“It is indeed mindless to be lectured on the need to end austerity by a President who has seen the national debt increase by more than $8 trillion since he took office. It is equally ironic that while Barack Obama pointed to a budget deficit that has dropped to under $500 billion from in excess of $1.4 trillion during the early years of his presidency, he fails to recognize that in the same fiscal year, the national debt skyrocketed by just shy of $1.1 trillion, according to the U.S. Treasury.

“(Obama) also fails to acknowledge that if over the past four years Congress had followed his path, the federal government would have continued to increase spending without regard for the long-term damage being done to our nation’s fiscal solvency.

“Now, President Obama pushes forward a $4 trillion budget proposal that makes no pretense of ever reaching balance, and is an extension of his stated desire to fundamentally transform America by further expanding the size and scope of the federal government. While Obama’s budget is a meaningless document, and all of the real budget battles will be fought over the appropriations bills, it is truly a shame that the President has waved the white flag in the fight to restore fiscal sanity to the federal government, and in doing so, has ensured that those who depend upon social safety net programs will face a dire future as more and more of the budget is eaten up by unavoidable interest payments on the debt.”

(Editor’s Note: The above communication is a news release and does not necessarily reflect the editorial position of FITSNews.com.  To submit your letter, news release, email blast, media advisory or issues statement for publication, click here).

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13 comments

Timmy Tebow February 2, 2015 at 4:45 pm

“…it is truly a shame that the
President has waved the white flag in the fight to restore fiscal sanity to the
federal government…”

I infer “waving the white flag” to mean that at one point, he tried to show some fiscal restraint. When was that exactly??

Reply
War Complex February 2, 2015 at 6:14 pm

Life was much easier when we shoved the cost of two wars under to rug instead of putting them on the books, huh? Yet, we’re still throwing money at defense and not a one bit safer…

Reply
FastEddy23 February 2, 2015 at 8:43 pm

… just like the government schools: the government is throwing more and more money at the government schools and our kids are not getting a better education.

Reply
Rakkasan February 3, 2015 at 9:32 am

You have starved the public schools in SC for generations in maintaining your colonial economy. You then act surprised when they fail and need huge sums to make some effort at helping them catch up. I don’t need to ask if you have no shame. I know you have all explained away, wrapped tightly in dissonance reduction and self righteousness.

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FastEddy23 February 3, 2015 at 12:47 pm

Not me. The colonial economy of South Carolina is being held back by those very costly schools and the rest of the local and national Gruberment. This is called non-productive overhead in the business world.

No where in the history of the world has increasing the costs of schools ever improved those schools. The one room school house has always done the best for the kids education.

Separating the various state and federal welfare programs from the school systems should be priority one. Mixing the welfare programs and the propaganda machines and the beltway bandits (everywhere) is the problem.

“Government is not the solution, government is the problem.” – Ronald Reagan in His first inaugural address.

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Rakkasan February 3, 2015 at 5:22 pm

I rest my case. Ronald Reagan; “oops, I went too far. Better raise taxes and increase the deficit more than all the previous Presidents combined” Gubmint on the credit card keep them taxes low for you Goober.

FastEddy23 February 4, 2015 at 12:47 pm

Got a real quote? Ronaldus Maximus never said that. Some Gruberment Helot pumper and dumper may have.

https://www.youtube.com/watch?v=SJkMOjqwxFI

FastEddy23 February 2, 2015 at 8:40 pm

“… by a President who has seen the national debt increase by more than $8 trillion since he took office. …”

It is NOT “the national debt”, it is The Government Debt.

This is not a semantics game: The government incurred the debt, the government “authorized” that debt and the government spent the money on government.

At no time did I authorize the government to go into debt, for me or anyone else. Did you?

Reply
RHood2 February 3, 2015 at 8:32 am

Yep. We both did. Assuming you voted. Those pesky elections are where the people authorize the governmebt to act on their behalf. We are not subjects. We are citizens. The government we get is only as good as the elections we hold. Want all the crap to end? Get the money out of politics.

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indeed February 3, 2015 at 8:51 am

Or even if you chose not to vote, and simply choose go live under the right and protections of this country.

Reply
Rakkasan February 3, 2015 at 9:25 am

You did. You elected someone to vote for you. You may have heard of it: representative govt. Sometimes it doesn’t break your way.

Reply
Mom February 2, 2015 at 9:06 pm

I saw alg and though this was going to be an article about algebra. Damn, what a disappointment.

Reply
because we said so! February 3, 2015 at 9:00 am

I was expecting something showing why/how they disputed the figures, nope. Oh well, then they should have said 2 trillion or 3 trillion instead. What the hell?

Reply

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