Already $13 Trillion in the Hole, Congress Set to Expand National Debt by Billions More

The “Defeat the Debt” Campaign Launches Television Blitz in Washington, D.C. Featuring Ads Showing Uncle Sam Digging a Deep Hole, Children Pledging Allegiance to Pay America’s Debt

Washington, D.C. – Hot on the heels of the national debt surpassing $13 trillion, Congress is considering billions in deficit spending that would only add to that burden.

In response, Defeat the Debt launched an advertising campaign in Washington, D.C. These advertisements come after a Gallup poll showed that the national debt is tied with terrorism as the issue of most concern.

The advertisements can be viewed at DefeatTheDebt.com. The first features Uncle Sam digging himself into an ever-deeper hole as a child looks on and asks him to stop. The second shows a classroom full of children pledging allegiance to “America’s debt and the Chinese government that lends us money, and to the interest, for which we pay, compoundable, with higher taxes and lower pay until the day we die.”

“The government can’t keep spending money it doesn’t have,” said Rick Berman, executive director of Defeat the Debt. “If we continue on this unsustainable path we’ll soon be too deep in the hole to escape.”

The latest request consists of:

• $50 billion to bail out state governments and public union employees
• $23 billion to bail out local school districts
• Billions more to extend unemployment benefits

“The Congressional Budget Office predicts that by 2020 annual interest payments on the debt alone will be $900 billion,” Berman concluded.

This is the latest installment of a $10 million education campaign by Defeat the Debt to raise awareness about the unsustainable nature of the national debt.

For more information, visit DefeatTheDebt.com. To arrange an interview, please call Sonny Bunch at 202.463.7650

DefeatTheDebt.com is a project of the Employment Policies Institute and aims to highlight the threat posed by the unsustainable borrowing and spending of the federal government. To learn more about the debt, visit DefeatTheDebt.com.

Read the original story at Defeat the Debt