The Hill News

Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates â€" all could skyrocket if Washington keeps spending trillions of dollars it doesn't have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses already struggling to get by. Fortunately, we still have a chance to kick the spending addiction and keep the American Dream alive.

What Can't Go on Forever, Won't

Between 2007 and today, total federal spending rose by almost 36 percent. Meanwhile, taxpayers' personal budgets have headed in the opposite direction. From 2007 to 2009 (the latest data available), median family income actually fell by 4.2 percent. 

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