Spend, Tax, Borrow, Repeat

From a recent fundraising email from Michael Steele for the RNC. He nails it.

There is just one page in the Barack Obama, Nancy Pelosi and Harry Reid instruction manual for running the government.

It reads like this:

Step 1: Spend
Step 2: Tax
Step 3: Borrow
Step 4: Repeat Steps 1 through 3

In the first 50 days of the Obama Administration, the Pelosi-Reid Democrat-controlled Congress voted for $1.2 trillion in new government spending.

Republican Senate Leader Mitch McConnell had the best take on the Democrats' runaway spending, "To put that in perspective, that's about $24 billion a day, or about $1 billion an hour -- most of it borrowed."

And exactly how do the liberal Democrats propose to pay for all this new spending? Higher taxes and borrowing, of course.

Obama's budget proposal calls for a massive tax increase of $1.4 trillion and at least $646 billion in new energy taxes that will be paid by every American family as companies pass on the cost to consumers.

Since tax hikes won't cover the entire cost of this boondoggle, our government will have to borrow more from foreign governments and creditors. This will lead to our national debt tripling over the next ten years to $23.1 trillion and gives our foreign creditors like China a greater say in the America we leave for our children and grandchildren.