ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Thursday, April 30, 2009

We Cannot Borrow and Spend our Way to Prosperity

U.S. Rep. John Boozman, 3rd Dist-AR: Last Sunday was Debt Day for the 2009 fiscal year. Debt day is the Day the government starts paying for federal spending by borrowing money rather than using its revenue. This means that all of the money spent from Washington the rest of this year will either be borrowed from other countries or borrowed from future generations, in turn increasing our federal debt dramatically.

It is no secret that the American people are facing a very tough economic climate. Families and small businesses are cutting back on expenses, and millions of Americans have lost their jobs. As retirement accounts dwindle and economic uncertainty continues, many across our nation are looking to the government for leadership during this difficult time.

Instead of supplying real solutions, there has been out-of-control spending by the Democrats through the stimulus package that passed in February increasing the debt by $1 trillion, and the $400 billion omnibus spending bill that only funds the government for seven months. Both bills were passed by Congress and signed into law forcing our children and grandchildren to foot the bill.

Most recently, the President proposed a budget that will dramatically increase the amount of debt in America. According to the Congressional Budget Office, the President’s budget will produce $9.3 trillion in deficits over the next ten years. The national debt will double in eight years, and by 2012, the American people will be paying $1 billion per day in net interest. Members from both parties have declared that the policies are unsustainable.

Sadly, the total debt incurred by the nation as a result of Congress and the Administration will cripple America’s future. The debt per capita is currently about $35,000 and in just eight years it will be $70,000. There are only 111 million federal taxpayers in America. At the rate of spending by this Congress in its first 100 days, congressional leaders have put each taxpayer in debt at the rate of $1,400 a week. Our children and grandchildren will be forced to bear an unprecedented burden as a result of the first 100 days of President Obama’s Administration. Doubling the debt is no solution.

The American people know that we can’t borrow and spend our way back to prosperity. The path to our economic recovery starts with fiscal responsibility in Washington. I believe that the federal government should follow the example set by our nation’s families – tighten the budget and eliminate wasteful spending. The future of America depends on it.

Tags: Arkansas, congressman, debt, federal spending, John Boozman, National Debt To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 6:38 PM - Post Link


Anonymous Anonymous said...

It was perfectly okay for the Reagan and Bush administrations to borrow trillions from foreign countries to finance tax cuts and unjust wars, but now since its another party its suddenly a crime? I think its utter crap that Democrats and Republicans alike blame each other for the problems. I blame the voter for being uneducated, or for voting on issues like religion, abortion, etc. things that really dont matter but simpletons make a big deal out of.

As long as American's are too foolish to see the fundamental flaw in tax cuts and trickle down economics, they'll be too foolish to see why their spending power is decreasing.

Blogger Bill Smith said...

Anonymous has drunk the "cool aid." I think there was one comment somewhat and it was in regard to Bush using taxes to fund a war but then again it was Congress who is responsible for funding the military and supporting war.

The mention of Reagan was definitely absurd. He did not borrow trillions to fund either a war (we were at peace during the Reagan years except for batting down some terrorists). Nor did he borrow to provide finance tax cuts.

Then that when Anonymous states "religion, abortion, etc. things that really don't matter but simpletons make a big deal out of" we she the he or she is out of step with our American culture. Religion is so important in America that freedom of religion is a right under the Constitution and attacks on it needs to be addressed. And I suppose the killing of a child immediately after it is born (also termed "abortion") is "no big deal" to Anonymous.

Announcement advises us that there is a flaw with "tax cuts" - which permits Americans to keep what they have earned. Would this person have all of us to be slaves to our government? At what point do the people get to keep some of their money and not pay for Anonymous and every other person's services and benefits?

Available personal "spending power" is decreasing because of increased and wasteful government spending. In addition, the government is interfering with peoples' lives and "stealing the property and property rights of others" through taxation, by restricting use of property, restricting ownership, by refusing to allow citizens to access and use natural resources, etc. etc. etc.

Anonymous, both I and many others choose not to drink the socialist "cool aid."


Post a Comment

<< Home

View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More

Also, Join & leave conservative posts & comments on

Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators

Facebook Accts - Dr. Bill Smith
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.


Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts

Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger

  • To Exchange Links - Email:!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.