Will Grigg's Liberty Minute

February 6, 2008

Seven years ago, George W. Bush became the first US president to propose a two trillion dollar federal budget. This week he became the first to present a three trillion dollar budget.

During that same period, notes the January 24 issue of Manufacturing & Technology News, US household debt nearly doubled, and federal debt increased by more than two-thirds. Combined public and private debt now stand at 168 percent of our Gross Domestic Product.

Median household incomes fell by two percent, and the savings rate went negative for the first time since before the Great Depression. Job growth has been stagnant, and more than one-quarter of the new jobs created since 2001 are in the government sector, where hiring has been particularly brisk for prison guards and long-term health care workers.

Until recently, cheap credit masked these dismal realities.

We must regain control over the government that is spending us into oblivion, and take back the liberty wherewith Christ has made us free.