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Youth of America, Welcome to your future…

It’s official, Obama and his minions Pelosi and Reid (and all the rubber stamp democrats now getting pummeled in the polls) have now accumulated 3 TRILLION dollars in debt in just under 2 years. According to the U.S. Treasury Department, it took the government about 114 years to amass the first 3 trillion… Wow, that’s efficiency for you. Never before has the grubberment been able to print, borrow and spend money that fast.

The important point here to impress on everyone, especially our young voters is that this is not a short term pain. They will be paying for this spending binge long into their future. Here’s a quote from RealClearMarkets.com from May of 2009 (they saw this coming more than a year ago…):

At worst, the burgeoning debt could trigger a future financial crisis. The danger is that “we won’t be able to sell [Treasury debt] at reasonable interest rates,” says economist Rudy Penner, head of the CBO from 1983 to 1987. In today’s anxious climate, this hasn’t happened. American and foreign investors have favored “safe” U.S. Treasurys. But a glut of bonds, fears of inflation — or something else — might one day shatter confidence. Bond prices might fall sharply; interest rates would rise. The consequences could be worldwide because foreigners own half of U.S. Treasury debt.

In short, the news of Obama breaking the 3 trillion mark should be another strong indicator of just why the elections coming in 14 days are so important. We need to be able to fight this growing trend and the only way to do this is to elect fiscally responsible conservatives who will stand and fight for smaller government and less spending.

Vote, encourage your friends to vote and lets make our voices heard.

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