Project for Economic Liberty

The Free Congress Foundation is engaged in a debate over the economic well-being and independence of every American. Positive economic development, job creation and the encouragement of financial independence for its citizens is a necessity.

After some 4.7 trillion spent by the Obama Administration we have an estimated record deficit in this country of 1.3 trillion dollars, according to the National Taxpayers Union and the Congressional Budget Office 2010 budget outlook figures. Each year we have a total national debt of about 12.5 trillion dollars, or over $39,348 for every man woman and child in the country. Put another way, our national debt is over 81% of U.S. Gross Domestic Product. Annual interest payments alone are a serious problem, eating up an ever-increasing share of available revenue, revenue that has many better uses elsewhere. We have entitlement program liabilities that signal tens of trillions more in debt, and massive amounts of state red ink.

Present public policy has resulted in giant public debt, vast public deficit, and an ever-growing encroachment upon our financial liberties. Our task here at the Free Congress Foundation is to keep public attention focused on the problems of debt in this country and how it is strangling free enterprise, investment, and wasting monies badly needed for many other critical priorities, including our crumbling infrastructure, energy and transportation system needs, as well as our military.

This project will look at these problems in an ongoing effort to highlight what these current practices are costing our nation, and we will offer positive forward looking solutions.

The Free Congress Foundation will draw upon the thinking of experts to formulate a program to provide better solutions on the current state of our economy. We are currently developing this project to focus on debt, deficit and sheer monetary waste in America.

To advance the interest of the U.S., the Free Congress Foundation must focus on a number of key issues:

1. Government spending
2. The high national deficit, and the consequences of that debt
3. The challenge of unemployment and job creation
4. The incessant demand for higher taxes to fund big government programs
5. The proper shaping of economic security for the citizens of our country.

Free Congress Foundation must focus on positive proposals to these issues.

We need to better frame the debate. A big difference will be outreach. The Free Congress Foundation will identify influential leaders in the American community and interact with them to gain insight and foster support for a rational approach that will maintain economic liberty and opportunity for all Americans.