Americans have an immediate problem that we all need to face! If govern-ment deficits continue to grow at current levels, America’s sovereignty could well be at risk in just 5 to 10 years. Foreign markets including the Chinese and Arab governments holds billions in American debt. Do you want these people to dictate our financial destiny. I certainly hope not.

I don’t like to be an alarmist but the facts (of huge government deficits) deeply concern me. And it should concern you. The current federal government debt is approximately $10.6 trillion dollars, growing by $1 million dollars every 11 seconds. (The $10.6I trillion total does not include the trillions more that are categorized as guaranteed debt backed by the federal government). I am worried for my children and I am worried about our future. It is simply unconscionable that our government representatives do not have the courage to properly address the problem of our huge government debt.  Just look how these leaders have continued to mismanage our money:

·      The recent $700 billion ‘bail out’ was suppose to be used to buy off  bad (RE) debts from financial institutions. Instead Treasury Secretary Paulson said that the purchase of these toxic assets “is not the most effective way to use the funds.” Instead Paulson used a big portion of the money to buy (approximately) $200 billion in preferred bank stock. Where was the (congressional) oversight on this decision? Who defended the taxpayers when billions in ‘earmarks’ were given out to various politicians in the earlier vote?

·        It’s not uncommon for many states and municipalities to pay their retired, former employees up to 90% of their (highest year) salary prior to retirement, each and every year after they retire. How could any company or any business venture survive something like this? How could anyone pay their ‘former’ employees this much money like the government does?  Why can’t our elected officials say no to this ?  This is fiscal insanity.

·       When Gov. Davis (D) was expelled from office several years ago in California, you would have thought his party’s leadership would have gotten the message and slowed the growth of government?  They did not. Instead the golden state is facing it’s biggest growth in debt in its history. The state government is projecting a budget deficit that could reach $16+ billion over the next 12 months.

·        The city of San Diego is like many cities when it comes to their lack of fiscal discipline. Now, the city is trying to deal with it’s own monetary problems. Currently San Diego is facing a $35 million dollar deficit. Citizens and unions alike are howling over the proposed budgetary cuts. Why? Again, city leaders were afraid in the past to face government unions that dictated unrealistic pensions and retirement benefits that no free enterprise company could afford. The city council’s and city mayor’s need to represent the taxpayers not the unions. Now we hear this week that the city of Phoenix and Detroit are asking for a federal bail-out too.

·        A few years ago, Congress had the opportunity of addressing the escalating social security benefit problem. They did not face the problem. Instead, they avoided it. There was not one leader from either party who was willing to crusade for the issue. Instead they ignored the problem. Unfortunately we will all suffer. In just a few years we’ll have millions of baby boomers who will be retiring. They will expect to get their social security benefits. Instead by 2017 (or earlier) social security money will  be significantly depleted.

As radio talk show host, Glenn Beck, said recently, “we must take the alcohol away from Washington.” Simply stated we need to hold our leaders feet to the fire concerning this blatant budgetary mismanagement. Remember this is ‘our money’ not their own piggy banks.

Our leaders, at every level (whether state, federal and local government), need to faithfully represent all tax payers by lowering public debt rather than increasing it. Anyone who has a computer needs to (google) search their for

local, state and federal representative and urge them (by email, letter or phone call) to start cutting back their expenses like we, the citizens, are having to do!  Our nation’s sovereignty depends you becoming involved. We can no longer afford to be silent !