More and More

The Treasury Department announced yesterday that last month was the highest budget deficit ever with a deficit of $220.9 Billion. To put this in perspective, our nation’s debt grew by $5.48 million per minute last month.
Washington is on a crash course. The debt, unemployment and overall growth in the scope and role of government are not sustainable but what also frustrates me is the lack of a tipping point. The voters have sent message after message to Washington through the growth and activism of the tea party movement to victories in New Jersey and Virginia last November and what seemed like the clearest message: Scott Brown winning Ted Kennedy’s old seat in Massachusetts. Despite a clear majority of Americans wanting this wreckless course stopped, more spending from Washington, fewer jobs and a healthcare bill that seems to never finally die.
While Washington still seems stuck on its own agenda the world has been receptive to the global recession. A couple of weeks ago, the Index on Economic Freedom officially downgrading the United States from their most free classification for the first time. The Index ranked the United States as the second most free nation in North America behind Canada. It should come as no surprise then that the Canadian dollar is once again expected to pass the United States dollar sometime this year.
The problem of the devaluation of the United States dollar is not a problem unique to the Obama Administration. In September of 2007 the Canadian dollar passed the United States dollar for the first time since 1976. As Representative Thompson wrote earlier this week, we simply cannot afford to keep paying for today’s government with tomorrow’s dollar. Our debt and size of government keeps growing and our jobs keep disappearing.
While Washington’s direction is beyond frustrating, voters’ outrage gives hope to a new wave of common sense conservative members of Congress who have had to balance their own checkbook. Maybe they can finally teach Washington how to balance its own.