THE SEAN HANNITY SHOW

Unusually High Debt The CBO warned this week that if we don't get our federal debt under control, our economy could plunge into a death spiral. Our national debt has officially surpassed $18 trillion, and has strangely been frozen at this astounding level for more than 90 days. We've, yet again, reached our debt limit. Our debt has sat just $25 million below the legal limit for 90 days. The Congress will eventually have to vote, once again, to raise the limit in order to pay for all of the things government has already promised. We are on track towards economic disaster. The CBO warned this week: “The long-term outlook for the federal budget has worsened dramatically over the past several years.” According to the CBO, our debt is already “unusually high” and “further sustained increases could be especially harmful to economic growth.” If we continue on the current track, government debt held by the public will rise to 107% of GDP in 2040, up from 74% currently. Just maintaining this 74% of GDP debt level would require middle class families to pay $750 more in taxes every year. But maintaing the currently level isn't the path. The debt is going to grow, quickly. This means that all Americans can expect big tax hikes and cuts to government benefits and spending, if we intend to get this under control. Or there is another way, which is to grow the economy. This could actually be achieved with certain tax cuts, which would stimulate growth. This could be achieved by removing burdensome regulations, which stifle businesses and shackle them with regulatory costs and paperwork. And keep in mind that this $18 trillion in public debt does not include the $100 trillion in unfunded liabilities. It's astounding that we have allowed Washington to run away with our pocketbooks and therefore deprive future generations of prosperity, leaving them to deal with this mess in the future. When Barack Obama took office in January 2009, our national debt was at $10.6 trillion. When he leaves, it is projected that the debt will be above $20 trillion. This means that spending under his watch will have grown more than virtually all other presidents combined. Obama once called President Bush “irresponsible” and “unpatriotic” for adding to the national debt. But in the end, Obama will far surpass spending during Bush's presidency. What will Obama label himself? Republicans don't get off the hook either. Much of the party hasn't exactly been the champions of bold solutions when it comes to entitlement and tax reform. But it is clear that it is absolutely necessary if we want to save America. The next GOP candidate must speak to this issue in an inspired way that gives hope to future generations that they won't be stuck with the bill in a declining state of American prosperity. Attn Florida Fans: A Chance to Meet Sean & Help Military Families! On June 26, Operation 300 will hold its third annual Frogman Swim Dinner and Charity Auction in Jensen Beach, FL where guests will have the opportunity to bid on an all-expense paid trip to visit Sean at his New York studios and watch him broadcast (Other auction items include a weekend getaway to Disney, dinner for two at Capital Grille and a .300 Blackout custom aluminum rifle). The dinner will also feature speakers including Col. Allen West and former CIA officer, Gary Bernsten. Operation 300 is a 501(c)3 non-profit that hosts weekly camps for children whose fathers have been killed in the Iraq and Afghanistan wars. Founded by Tara Baldwin, sister of fallen Navy SEAL, Aaron Vaughn, “the camps provide an opportunity to participate in activities that embody the spirit of adventure that characterized the lives of their absent fathers while fostering a culture of courage, strength, freedom, endurance, honor and godly morality …” Navy SEAL Aaron Vaughn was one of 17 SEAL Team Six members killed on August 6, 2011 after his helicopter carrying 30 Americans was shot down by Taliban forces in Afghanistan. For more information or to purchase tickets to the event, click here.