I’m MAD — a member of Mothers Against Debt.  I guess that I am more than a member; I’m the founder.  I launched the new group on Saturday during my speech at the 912 rally in Denver.  After reading a WSJ article by John Fund titled “The Deficits Are Coming,” I felt compelled to act to protect my three children.

Fund reports that former head of the General Accounting Office David Walker serves as a modern day Paul Revere.  Walker warns:

Our off balance sheet obligations associated with Social Security and Medicare put us in a $56 trillion financial hole—and that’s before the recession was officially declared last year. America now owes more than Americans are worth—and the gap is growing.

Walker puts the gargantuan number into perspective. 

Our $56 trillion in unfunded obligations amount to $483,000 per household. That’s 10 times the median household income—so it’s as if everyone had a second or third mortgage on a house equal to 10 times their income but no house they can lay claim to.

As for this year’s $1.8 trillion deficit, Walker says, ”a deficit that large is $3.4 million a minute, $200 million an hour, $5 billion a day.”

That’s the inspiration for MAD.   Our mission is to hold accountable any elected official who increases our children’s public debt.  The fiscal enslavement of our children really is taxation without representation. 

No dues.  No meetings.  Just a pledge to hold politicians of all parties accountable and to work against those who spend our tax dollars recklessly.   Hell hath no fury like a Mother scorned.

Check out MAD — Mothers Against Debt– on Facebook.

This entry was posted on Monday, September 14th, 2009 at 8:31 pm and is filed under Mothers Against Debt, taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.