us debt.
OUR FOUR CORE PRINCIPLES:
* Limited Government & Fiscal Responsibility
* Promotion of the Free Market System
Federal Spending Grew More Than Ten Times Faster Than Median Income
When federal spending grows faster than Americans’ paychecks, the burden on taxpayers becomes greater. Over the past few decades, middle-income Americans’ earnings have risen only 27 percent, while spending has increased 299 percent.
PERCENT CHANGE OF INFLATION-ADJUSTED DOLLARS (2010)
Chart 3 of 42
“Federal Spending Is Growing Faster Than Federal Revenue”
INFLATION-ADJUSTED TRILLIONS OF DOLLARS (2010)
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“Total Tax Burden Is Rising to Highest Level in History”
Taxes are projected to increase rapidly under various policy scenarios. If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels. The tax burden will climb even if those tax breaks are extended. President Obama’s budget, which cuts some taxes and raises others, also increases the overall tax burden.
“Federal Spending per Household Is Skyrocketing”
The federal government is spending more per household than ever before. Since 1965, spending per household has grown by nearly 162 percent, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.
INFLATION-ADJUSTED DOLLARS (2010)
“Medicare, Medicaid, and Social Security Will Consume All Tax Revenues in 2049″
If the average historical level of tax revenue is extended, spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security will consume all revenues by 2049. Becauseentitlement spending is funded on autopilot, no revenue will be left to pay for other government spending, including constitutional functions such as defense.
PERCENTAGE OF GDP
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Founder’s Quote Daily: The Patriot Post
Founder’s Quote Daily
Monday, April 30, 2012
“All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression.”
–Thomas Jefferson, First Inaugural Address, 1801
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2012 is the beginning of the ‘PRESIDENTIAL ELECTION’, holding our newly elected, and re-elected, congressmen and senators accountable!
Educate, Motivate, and Activate!
Williamsburg was the Capitol of Virginia during the American Revolution in the 1770’s and where Virginians voted to adopt the Declaration of Independence. 240 years later, it is now a place where Virginians again are voicing opposition to another overreaching government by organizing, and acting, to restore the values upon which this great country was formed.
If you love this country, and the values of our ancestors that made it great, you must realize that it is now being threatened with a transformation that will make it completely different, something it was not meant to be.
If you share these feelings, you can do something to protect what we have and restore the greatness that we once enjoyed as Americans. It was the Founding Fathers and the patriots of their time who sacrificed and held firm to their values. You can be a patriot today by standing up and making your voice heard.
Let’s do something!
***Special thanks to John Vaughan of Net Senses Inc. for the consultation of this website!
