Taxpayer’s each 2010 national debt increased by $14,814 to a total of $122,121

By Oscar Y. Harward

Wake up America! Welcome Mr. and Mrs. Taxpayer(s) of America! Federal spending is out of control. How much money are you going to allow President Obama and the Capitol Hill Democrat Party to spend on their excessive wasteful spending, just to send (y)our taxpayers’ money home for their special projects.

Obama and Capitol Hill Democrats spent $787 billion on the “Stimulus” and with additional specials bringing the totals in excess of $1 trillion on stimulus alone.

According to Newsmax.com, “As of Sept. 30, the last day of fiscal 2010, the national debt stood at $13,561,623,030,891 — over $13.5 trillion — an increase of $1.65 trillion over fiscal 2009, according to data from the Bureau of the Public Debt, a division of the U.S. Treasury Department.”

Currently, our US Debt exceeds $13.6 trillion and growing larger. President Obama and Capitol Hill Democrats left each and every American taxpayer with an additional debt of $14,814 in “Fiscal Year 2010”. This brings each and every American taxpayer with a debt to $122,121.

America has more oil located in America than all combined in the Middle East. Americans are currently importing $305 billion of oil, $127 billion from OPEC nations. Our national debt due to imported oil exceeds now $4.4 trillion.

For additional economical troubles, President Obama and Democrats on Capitol Hill continue to refuse Americans to locate, extract, and refine oil into gasoline. Foreign oil is costing Americans approximately $82/barrel. America has almost unlimited quantities of located oil inland of the United States and in known offshore ocean discoveries.

With current cost of oil at approximately $28/barrel, and American oil costing consumers approximately $16.00/barrel, this alone would represent a savings of $1.57/gal. Study as to how a savings of $1.57/gal. would help with your budget!

When anyone in the Democrat Party even suggests that illegal oil money is coming to the GOP, take a look at the facts. It is the Republican Party who has been forcing the issue for America to become oil-independent using American’s oil reserves. It is the Democrat Party who has been refusing American companies from locating, extracting, and refining oil and gasoline reserves. The Democrat Party’s position cost American consumers more cost of oil and gasoline while sending more American consumer dollars to oil producing nations.

This is one of many issues that affect our US economy. Every week, we see, hear, and/or read of new Capitol Hill “grants” to state and local governments as well as to other organizations. For an American recovery, many of these grants must end. America’s economy is in distress. With a major change from liberal out-of-control wasteful spending to more careful, conservative expenditures on Capitol Hill, America will rebound.