Posted on 03/29/2017 2:06:32 PM PDT by Oldeconomybuyer
The former comptroller general for Presidents Bill Clinton and George W. Bush said Wednesday that the nation's huge national debt is a sign that the U.S. has strayed far from the original reasons the country was founded.
"From a broader perspective, the United States has strayed from many of the key principles and values that it was founded on and which made us great," former Comptroller General David Walker told a Senate Homeland Security and Governmental Affairs subcommittee in prepared remarks.
"The federal government has also grown too big, promised too much, and needs to enact a variety of reforms in order to help create a better future for our country and its citizens," he said.
Walker said the country was founded on principles such as individual liberty, personal responsibility and limited government. But he said those values are now at "significant risk."
He said the adoption of the income tax, the creation of the Federal Reserve, and direct election of U.S. senators are major factors that have contributed to the debt. All of those events happened in 1913.
More than 100 years later, the federal government is now 10 times larger, relatively, than it was in 1913 before those changes took place.
"The bottom line is, Congress has lost control of the budget, our debt burdens are escalating to imprudent levels, and our collective future is now 'at risk,'" he said.
(Excerpt) Read more at washingtonexaminer.com ...
Duh!
Amen to that! I honestly don’t think anything but a complete financial collapse will wake everyone up. Then it’s too late.
Now he sounds the alarm.
And in more revolutionary discoveries:
* shooting up heroin and smoking meth is addicting
* blowing your brains out with a gun causes death
* protecting criminal illegal aliens that murder and rape is risky to citizens
Do you mean there’s a limit to an organization’s size, where it’s simply too big to function?
SHOCKER
He said the adoption of the income tax, the creation of the Federal Reserve, and direct election of U.S. senators are major factors that have contributed to the debt. All of those events happened in 1913.
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That is when Fedzilla escaped its Constitutional cage and we will never get it back into it.
Well he’s definitely correct on this, but where was he during the Clinton/Bush years? I was much younger then, but I don’t quite remember any news about his complaints then?
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