On Sunday our nation will mark this year’s Debt Day–the day in which government spending will have already exceeded total government revenue for the fiscal year. This day comes nearly four months earlier than last year’s August 5 date due to the government’s recent trillion-dollar stimulus bill, $400 billion “omnibus” bill, and $350 billion in bailout dollars. Over at TownHall.com, Republican Minority Leader John Boehner discusses the long-term impact of this exorbitant government spending:

Washington’s [spending] attitude gives new meaning to the common sales phrase “buy now, pay later.” Congress and the White House have burned through our government’s “income” for the current Fiscal Year – a practice that shows no signs of stopping after Debt Day comes and goes on Sunday. So, Washington will continue to “buy now,” while taxpayers 10, 20, and 30 years from now will be forced to “pay later.” And pay dearly, they will.

Along those lines, House Republicans recently unveiled a new website to track how our tax dollars are being spent–or perhaps I should say, misspent.