It’s official now. The federal budget deficit for the fiscal year ended September 30, 2009 is by far the worst in U.S. history. The final tally for the 2009 budget deficit is $1.42 trillion…more than three times the most red ink ever amassed in a single year. As a percentage of U.S. economic output, it’s the largest deficit since World War II.Many economists are warning that unless the federal government makes the tough decisions to get the deficit (and the national debt) under control, we are headed toward another economic crisis. And this next crisis could be the worst financial crisis we have ever faced as a nation.
Sadly, our Congress and President just keep pouring the red ink, with the promise that “someday” we will need to address the budget deficit and the national debt. The harsh reality is that by the time they realize the seriousness of the problem, it will likely be too late to avert a crisis.
Now more than ever, we need to let the President and Congress know how we feel about the federal government’s reckless borrowing and spending. Please contact your Congressman and Senators and let them know you oppose the runaway growth in our national debt.
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