To: The President and the Congress of the United States of America
Whereas: Congress, the Department of the Treasury, and the Executive Branch have increased the United States’ national debt to over $14 trillion by 2011.
Whereas: The national debt doubled in less than ten years and is expected to double again in the next ten years.
Whereas: Each American’s share of the national debt is $45,684, every American household’s share is $119,688, and every American household that “pays more in federal taxes than they receive in benefits from the federal government” share is $299,221.
Whereas: The 2011 deficit is projected to be over 10% of America’s economy and the national debt is equal to or greater than the entire American economy. (Gross domestic product, the measurement of America's wealth, is $14 trillion.)
Whereas: By roughly 2052 the interest payment alone on the national debt will consume almost all federal spending.
Whereas: An ever increasing national debt will lead to inflation, a weakened national government, and lower quality of life for every American.
Therefore: It’s time to hold the federal government accountable to the American People and future generations. I urge you to do everything in your power to stop the government from deficit spending, to balance the government’s budget, and to pay down the national debt!
If you want to send that message to your representatives, sign the petition below.
To learn more about the national debt, click here.