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Did you know the scale of this year’s $3.7 trillion deficit has never been seen before in America? This is a crazy big number. One cant even get one’s arms around a trillion dollars, but consider this, that $3.7 trillion shortfall is more than double what the ENTIRE federal budget was when I entered Congress in 1994.
Did you know this is really just the tip of the iceberg? Did you know the FED balance sheet has exploded as they too have been throwing mountains of money at today’s threats to the economy?
The FED balance sheet has soared to levels it's never seen before and added about $3 trillion. Together we are looking at about $7 trillion dollars of economic stimulus, and can you imagine what will happen to the economy and deficits when this punch bowl is pulled from the party?
Washington is indeed trying a financial experiment that’s never been tried before, and it has the capacity to turn our lives upside down. Remarkably, we aren't talking about it, or debating it in earnest, and I think this is a real problem.
To help change this, a number of us have started Americans for Debt and Deficit Reduction. This not-for-profit and non-partisan organization is committed to educating the public on the importance of this issue, and I hope you will be a part of it. Please join us. I think this issue will prove to affect not only our savings, jobs and economy...but the length and health of our republic.
Please join us, and ask ten friends to do the same.
https://afddr.org/
Many thanks for your consideration.
Sincerely,
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