As recess begins, spending spree continues

from Reason to Freedom
by US Rep. Ron Paul (R-TX)

08/07/07

The federal government has a spending problem. Each year our current accounts balance gets worse and worse, and the amount of foreign held government debt has skyrocketed. Both Republicans and Democrats; conservatives, liberals and moderates, indeed nearly every single-member of the Washington political establishment, is addicted to one form of federal spending or another. Only when the American people absolutely demand that the spending spree be stopped, will their representatives in Washington stop using this issue as a political football to score public relations points, and finally face-up to the fact that we are a nation in a very precarious financial position, which demands real spending cuts in order to avoid bankrupting our next generation...

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Informant: Thomas L. Knapp



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