14TRILLION DEBT- 6.1 TRILLION IN LAST SEVEN (7) YEARS (2.7 TRILLION IN TWO (2) YEARS)

PEOPLE ARE FED UP WITH ALL THE SPENDING:

http://trib.com/news/opinion/blogs/capitol/article_7b471b72-f803-11df-8010-001cc4c002e0.html

The federal debt has doubled over the past seven years (6.1TRILLION PLUS 2.7TRILLION LAST 2YEARS), to almost $14 trillion, and the growth is a result of both the financial crisis and the government's "unwillingness over many years to make the hard choices necessary to rein in our long-term structural deficit," Bair wrote.

US federal debt held by the public is now 62 percent of gross domestic product this year.

"Eventually, this relentless federal borrowing will directly threaten our financial stability by undermining the confidence that investors have in U.S. government obligations," Bair said.

http://www.cnbc.com/id/40378597

THE DEBT ELIMINATION CAN ALL BE ACCOMPLISHED BY HOLDING DOWN SPENDING. THE GOVERNMENT ALREADY TAKES IN 2.5TRILLION OF OUR MONEY IN 2010 

PLEASE LIVE WITHIN THIS MEANS.

America cannot live with such deficits interminably. Deficits mortgage the livelihoods of future generations of Americans and ultimately put U.S. economic growth, stability, and reliability at risk.

Table 1 sets forth $343 billion in available spending cuts for the new Congress to consider when it takes up the federal budget for FY 2012. Many of the cuts fall into six areas:

• Empowering state and local governments. Congress should focus the federal government on performing a few duties well and allow the state and local governments, which are closer to the people, to creatively address local needs in areas such as transportation, justice, job training, and economic development.
• Consolidating duplicative programs. Past Congresses have repeatedly piled duplicative programs on top of preexisting programs, increasing administrative costs and creating a bureaucratic maze that confuses people seeking assistance.
• Privatization. Many current government functions could be performed more efficiently by the private sector.
• Targeting programs more precisely. Corporate welfare programs benefit those who do not need assistance in the American free enterprise system. Other programs often fail to enforce their own eligibility requirements.
• Eliminating outdated and ineffective programs. Congress often allows the federal government to run the same programs for decades, despite many studies showing their ineffectiveness.
• Eliminating waste, fraud, and abuse. Taxpayers will never trust the federal government to reform major entitlements if they believe that the savings will go toward “bridges to nowhere,” vacant government buildings, and Grateful Dead archives.[5]

http://www.heritage.org/Research/Reports/2010/10/How-to-Cut-343-Billion-from-the-Federal-Budget