There is no reason the debt clock (view it here) should still be speeding us in the direction of the cliff. Republicans control the U.S. House of Representatives where all spending bills originate. Republicans therefore have the power to shut down the asinine and immoral profligacy. Yes, there is the need for compromise since we don’t control the Senate or the White House. The compromise should be that we won’t yet slash spending. But not once in my lifetime has our side understood where our opening negotiating position should be.
From the Heritage Foundation:
America’s Budget Crisis in Pictures
It’s pretty clear to most Americans that Washington is broken and spending money well beyond the country’s means. In fact, Sunday marked three years since the U.S. Senate last passed a budget. Getting the fiscal house in order clearly isn’t their top priority. But just how bad is the country’s spending and debt crisis? Heritage has the answer in its newly released 2012 Edition of the Federal Budget in Pictures.
Whether you’re interested in learning how fast federal spending is growing, how big the tax burden is, what debt will look like in the future, and how soon entitlement spending will implode, Heritage has the answer in easy-to-understand charts.