Greater Phoenix Tea Party Patriots

Patriot Groups throughout the Maricopa and North Pinal County area.

We Are Captives of Administration "crises"

Here is a snippet from Congressional Budget Offices report on current American Economy and projections for America's future economic solvency:

The deficits projected in CBO’s current baseline are significantly larger than the ones in CBO’s baseline of August 2012. At that time, CBO projected deficits totaling $2.3 trillion for the 2013–2022 period; in the current baseline, the total deficit for that period has risen by $4.6 trillion. That increase stems chiefly from the enactment of the American Taxpayer Relief Act of 2012 (P.L. 112-240), which made changes to tax and spending laws that will boost deficits by a total of $4.0 trillion (excluding debt-service costs) between 2013 and 2022, according to estimates by CBO and the staff of the Joint Committee on Taxation. CBO’s updated baseline also takes into account other legislative actions since August, as well as a new economic forecast and some technical revisions to its projections.

Looming Policy Decisions May Have a Substantial Effect on the Budget Outlook

Current law leaves many key budget issues unresolved, and this year, lawmakers will face three significant budgetary deadlines:

  • Automatic reductions in spending are scheduled to be implemented at the beginning of March; when that happens, funding for many government activities will be reduced by 5 percent or more.
  • The continuing resolution that currently provides operational funding for much of the government will expire in late March. If no additional appropriations are provided by then, nonessential functions of the government will have to cease operations.
  • A statutory limit on federal debt, which was temporarily removed, will take effect again in mid-May. The Treasury will be able to continue borrowing for a short time after that by using what are known as extraordinary measures. But to avoid a default on the government’s obligations, the debt limit will need to be adjusted before those measures are exhausted later in the year.

So, projected deficit spending by ALL three sectors of American governance, i.e., House of Representatives, Senate and Executive will DOUBLE projected deficits from $2.3 trillion to $4.6 trillion dollars. Further more, in this report, unemployment will be stuck at a 7.2% of America's populace.

In conclusion, "Hope and Change" coupled to "Transformation" will most certainly have borne fruits as America's Progressive New Left Activist cadre of leftists have worked so hard to decimate American Excellence. For more, go to Congressional Budget Reports and learn the truth. Pray. Amen.

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