Will Grigg?s Liberty Minute

January 12, 2009

This year?s estimated federal budget deficit will be at least $1.2 trillion dollars ? an ominous landmark on the road to national ruin.

With the outgoing Bush administration and incoming Obama administration in agreement that the key to restoring national prosperity is unrestrained federal spending, that deficit will expand radically, perhaps even doubling very quickly.

Our economy and society simply cannot survive profligacy of this magnitude. The foreign banks and governments that buy our Treasury bonds will not continue to underwrite it. It is no exaggeration to say that we confront the prospect of literal national bankruptcy unless drastic action is taken.

Ironically, there is a simple treatment for our budget woes: Congress should immediately repeal the Troubled Assets Relief Program, which facilitated the Wall Street Bailout. And it should immediately end our foreign military deployments and all foreign aid immediately. These two acts alone would radically close the budget gap and reinvigorate our dying economy.

Let us take back the liberty wherewith Christ has made us free.