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Post |
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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