TEA Party looks to educate on dangers of deficits

From Dailycommercial.com

Local residents fed up with federal deficit spending and continuous stimulus packages going to big business and states are the target of Wednesday's Taxed Enough Already, or TEA.

"It's the interest associated with debt," said David VonGunten, one of the event's organizers.

"What ultimately happens to government is what is happening to families now," he said, referring to credit and economic problems families are facing in the recession.

Wednesday's event will focus on educating voters about the dangers of debt spending and the stimuli and demanding the state of Florida return stimulus money.

Deficit spending makes the United States pay interest money to other countries that can use it for their own benefit; those aims could sometimes be contrary to those of the U.S., VonGunten said.

If the government doesn't borrow, it prints money, which promotes inflation and lowers the buying power of the dollar, he said.

The almost $2 trillion in stimulus money approved by the U.S. Congress will only add to the mounting debt and exacerbate problems, VonGunten said.

Anyone who runs a household budget knows that debt spending is unsustainable, he said.

"If you continuously overspend, will that work for you?" he said.