Saturday, February 28, 2009

'Washington is in a state of denial'

"Washington is in a state of denial," says Sen. U.S. Senator Richard Burr, R-N.C., delivering the weekly Republican address. "Our spending habits haven't gotten better, they've only gotten worse."

In case you missed it, Barack Obama proposed the most massive government spending plan since World War II even though the U.S. is in its worst recession since the Great Depression.

From Burr's address:
The president submitted to Congress the single largest increase in federal spending in the history of the United States, while driving the deficit to levels that were once thought impossible. If we just look at what our debt spending will cost us in interest payments alone, we are talking about 4 trillion dollars over the next 10 years, more than a billion dollars of interest payments every day. Think of that 4 trillion as a finance charge on your credit card bill -- you have to pay, but you get nothing for it in return. This finance charge obligates more than $52,000 for every family in America over the same 10-year period."
For a transcript of the speech or links to view it on YouTube:

Senator Richard Burr (R-NC) Delivers Weekly Republican Address

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