Fiscal Reality Check

America has a big spending problem – we are more than $16,000,000,000,000 (16 trillion) in debt.  That’s a fact.

Here’s another fact regarding the recent fiscal cliff proposal reported in Politico this morning:  a deal involving $1.2 trillion in tax increases and $400 billion in phantom Medicare cuts will actually produce a net negative result for America.

Tax increases will hurt our already stalled economy, and $400 billion in delayed Medicare cuts will do nothing to reign in our $16 trillion national debt.

Even calling this a cut makes a mockery of the seriousness of our spending and debt problems. Americans deserve the truth about the need for real entitlement reform – the real drivers of our national debt.

A $16 trillion debt is a big problem that calls for courageous leaders capable of delivering big solutions. America and its leaders used to rise to the occasion. It’s The American Way. Who will step up and answer the call?