by J. D. Heyes, Natural News:
As lawmakers wax poetic and jockey for political position ahead of the pending “fiscal cliff,” a package of automatic tax hikes and spending cuts coming Jan. 1 that many economists believe could rekindle the crippling recession of 2008-09, few of them are talking about the fact that the federal government continues to spend money on foolish, wasteful projects that contribute nothing to the “general welfare,” but instead go a long way towards speeding the country’s bankruptcy.
That the nation has a spending problem, not a revenue problem, is epitomized by the fact that our government now borrows 46 cents of every dollar it spends, creating a massive $16-plus trillion deficit that will have to be repaid by our children, grandchildren and, most likely, our great grandchildren.
DHS is but one example, albeit a huge one, of federal spending run amok
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