The Spending Threat

President Obama and his allies in Congress are gearing up to wallop families and businesses with an array of new taxes to fund a host of spending plans. These won't just hit hard at average families -- they threaten to derail any economic recovery.

Democrats can't seem to constrain their spending impulses. Social Security and Medicare are going bankrupt from overspending, yet Washington refuses to trim costs. The budget deficit exploded to $1.8 trillion this year as a result of financial bailouts and the stimulus package, yet Congress and the president continue to jack up annual appropriations as if the Treasury was flush with cash. And Democrats are aiming at a grand health-care "reform" that could cost taxpayers $1.5 trillion over the next decade.

So hold on to your wallets, America. Those spending plans leave Democrats desperate to raise revenue, and they'll be coming after you from every angle in coming months.

Government refuses to face the reality that it is spending money they don't have and can't hope to raise for generations to come. It's like that movie where Sandra Bullock is on the bus and it has to keep going 60 mph or it will blow up. Government is afraid of what will happen if they stop or slow the spending so they just keep piling it on.