Building a Prosperous Future

By Tim Munsell.

  Our National Debt is over $14 Trillion dollars, and growing by $1.5 trillion dollars a year.  That’s $47,500 per second! And the Congressional Budget Office says that unfunded liabilities for future payments of Social Security, Medicare and Medicaid add tens of trillions more. 

This gigantic debt will have enormous consequences for all of us, including higher taxes, higher inflation, higher interest rates, job losses, future painful cuts to government services, and a very high risk of an economic catastrophe.  Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff, recently said that it’s the greatest threat to our national security.  And the transfer of this gigantic debt to our children and grandchildren is generational theft that unfairly burdens future generations. 

Greece, Argentina, Germany, Russia, Iceland, Zimbabwe, Ecuador, and many other countries have all seen the consequences of out-of-control borrowing.  Each of these countries saw skyrocketing inflation and economic meltdowns caused by excessive deficits.  Now we need your help to avoid these catastrophic events from occurring here.

This is why I’m encouraging you to join our group, Americans for a Balanced Budget Amendment, at www.balanceourbudget.com  We are a grassroots, non-profit organization dedicated to passing the Balanced Budget Amendment to our US Constitution, which we believe is essential in getting our country’s fiscal house back in order.  There is no cost to join, and there are no meetings to attend.  

After all, every American household has to balance its checkbook.  Nearly every state in our country has to balance its budget.  And other countries, including Germany and Switzerland must have a Balanced Budget.  The time has come for our country to do the same.  So please join us.  Together, we will build a country with a prosperous future.

Tim Munsell

Florida Director, Americans for a Balanced Budget Amendment

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