On the recordDecember 7, 2005
our country faces major problems. No longer can they remain hidden from the American people. Most Americans are aware the Federal budget is in dismal shape. Whether it is Social Security, Medicare, Medicaid, or even the private pension system, most Americans realize we are in debt over our heads. The welfare state is unmanageable and severely overextended. In spite of hopes that supposed reforms would restore sound financing and provide for all the needs of the people, it is becoming more apparent every day that the entire system of entitlements is in a precarious state and may well collapse. It does not take a genius to realize that increasing the national debt by over $600 billion per year is not sustainable. Raising taxes to make up the shortfall is unacceptable, while continuing to print the money needed will only accelerate the erosion of the value of the dollar. Our foreign policy is no less of a threat to us. Our worldwide military presence and our obsession with remaking the entire Middle East frightens a lot of people both here and abroad. Our role as world policeman and nation-builder places undue burdens on the American taxpayer. Our enormous overseas military expenditures, literally hundreds of billions of dollars, are a huge drain on the American economy. All wars invite abuses of civil liberties at home, and the vague declaration of war against terrorism is worse than most in this regard.…
Source
govinfo.gov




