Today the U.S. Treasury announced that the federal deficit has topped $1 trillion for the first time ever. The share of the deficit for each individual American equals $3,500 - by the fall that share will near $6,000. The national debt stands at $11.5 trillion, costing every American $37,600. The total unfunded liabilities for the United States are $60.6 trillion, which exceeds the total net worth of America. Paying off this liability would require every American to write a check to the Treasury Department for $198,000.

The United States is facing an urgent financial crisis that threatens our fiscal and economic stability. Our government is currently borrowing about 50 cents for every dollar we spend. Medicare is already paying out more in benefits than it collects in taxes and Social Security is expected to do the same in less than five years. President Obama’s answer is plain and simple - more taxes, more spending, and more government.

After passing what is likely to be the largest tax increase in American history, President Obama and the liberals in Congress are now pushing a trillion dollar health care plan that will raise taxes, ration care, and let government bureaucrats make decisions that should be made by families and their doctors. The White House has said this health care reform is “key to our fiscal future.” I think every American would agree that more taxes, more spending, and more government intervention is not the answer.