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Governor Sanford Issues Somber Statement on Tax Day


web posted April 16, 2009
STATE – South Carolina Governor Mark Sanford gave a rather sober look at “Tax Day”, stating that the effects of the current situation on the economy and President Obama’s proposals have multi-generational effects.

"Today it's worth noting the fact that we are at a truly frightening tipping point with regard to federal spending, and the consequences it will have for every current -and especially future - taxpayer here in South Carolina," Gov. Sanford said. "This year, government spending will account for more than a quarter of the entire economy, a level not seen since our country was fighting for its survival against Nazi Germany and Imperial Japan."

According to current estimates, children born today are saddled with around $45,000 of debt at birth to pay for the current spending. Furthermore, their children are estimated to incur around $35,000 worth of debt when they are born.

Gov. Sanford continued, "Federal debt is nearly the size of our yearly economy, and is about four times the size of the economy when you add in other government promises like Social Security and Medicare."

"That's why this stimulus debate we're having in South Carolina is so important. Though today's taxpayers are the ones who benefit from the so-called 'stimulus,' they're not the ones paying for it - it will be their children, their grandchildren, and likely their great-grandchildren. We continue to believe that in the midst of this spending, it's important to leave a dividend for those future taxpayers in the form of debt repayment."

Gov. Sanford attended the tax day "Tea Party" rallies held in Columbia and Charleston on Wednesday. The Columbia Tea Party began at 12:30 p.m. at the Statehouse. The Charleston event began at 5:30 p.m. at the Old Customs House building in downtown Charleston.
 
The photo above was sent in by a reader attending the rally at the Statehouse.




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