Intervention: The Fed's Addiction to Spending

NOTE: Another post that was originally a note on Facebook. Originally posted Friday, July 29, 2011 at 10:33pm.

A problem has come to head in the political world as the fed will reach its debt limit, the amount the federal government is allowed to borrow--AKA the debt ceiling. The fed is to reach its debt limit around August 2nd if the debt ceiling is not raised.

But the debt ceiling is not the real problem. The debt ceiling is a point people have selected to begin the fight against the real problem, the spending addiction of the fed.

It is estimated that the fed will spend 3.6 trillion this year. The fed brings in 2.2 trillion through taxes mostly on personal and businesses income. Based on these estimations the fed will have overspent its income by 1.4 trillion, or 64%, for just THIS year.

That is 1.4 trillion that will have to be borrowed from other countries, mostly likely China who we have been borrowing from for a number of years. The US already has 14.5 trillion in debt. The 1.4 trillion fed overspent will have to borrow increase the debt 15.9 trillion by the end of THIS year.

2012: 15.9 + 1.4 = 17.3 trillion

2013: 17.3 + 1.4 = 18.7 trillion

2015: 18.7 + 1.4 + 1.4 = 21.5 trillion

The fed keeps up its addiction by passing bills that create programs like universal healthcare, expand existing programs and services like the EPA, and passing multi-billion dollar bailouts for banks and car companies. The public OKs this spending because it tugs at their heartstrings and the fed eggs us on with: "People will lose their jobs without these! People will get sick without these! People will die without these!" We don't want that! Think of the children! So we agree and give the fed its drug of choice: More spending.

When will the fed be satisfied that they have spent enough? Do we want to find out? They are already spending more than twice their annual income. The fed needs an intervention for its addiction.

Woe as me! What can I do, Carol?! Politicians don't listen to me! Wooooe!

Well, did you know you can call or email your Congressmen? Search Google for House of Representatives and Senate to find their websites. You can look up your Congressmen from there and give them an earfull. Also, because of the wonders of Facebook and Twitter, you can pester them on there. They work for YOU. The more you pester them the better. I already pestered mine.

EDIT: You can also call or message Obama at the White House from whitehouse.gov