Obama Unveils $3.8 Trillion Budget Today With $1.6 Trillion Deficit

By Tim Connolly

In last week's State of the Union address, President Obama talked about tackling the deficit, but CNN reports today that the budget he will announce later this morning for fiscal 2011 will push the deficit to a record $1.6 trillion this year. IS THERE ANY BETTER REASON THAN THIS TO "FREEZE THE BUDGET NOW, AND BALANCE THE BUDGET WITHIN FIVE YEARS?

Re-Build America as an Economic Powerhouse

The prevailing concern of Americans today is that the United States of America has lost its vaunted position as a global economic powerhouse, becoming a debtor nation which cannot fulfill either the long-term financial growth requirements of a vibrant country or the retirement needs of its citizens. How did the world’s greatest economic and social power lose its way?

We began as a nation with a purity of purpose. Our Constitution adheres to a fundamental thesis - “to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessing of liberty to ourselves and our posterity.”

That foundation was critical to the birth of this nation at a time when there were many divergent interests, each wanting to protect their own regions and economic interests, yet knowing the future lay in “a more perfect union.”

Today, that Union our forefathers envisioned is compromised by competing agendas, dangerous turf wars, and divergent economic drains that threaten to rip apart the fabric of this country we hold so dear. The cacophony of special interests, the blatant rhetoric of political infighting, and the financial damage done to our country in the process is damaging our national heritage and endangering the very future of our children and the nation. [more...]