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February 02, 2010
Set On Destroying America, Obama Wants To Spend Us Into Disaster!
The AP reports that "President Barack Obama unveiled a multitrillion-dollar spending plan Monday, pledging an intensified effort to combat high unemployment and asking Congress to quickly approve new job-creation efforts that would boost the deficit to a record-breaking $1.56 trillion... The result is a budget plan that would give the country trillion-dollar-plus deficits for three consecutive years. Obama's new budget projects a spending increase of 5.7 percent for the current budget year and forecasts that spending would rise another 3 percent in 2011 to $3.83 trillion."
February 1, 2010 ( yesterday )
Obama said this:
“We simply cannot continue to spend as if deficits don’t have consequences. As if waste doesn’t matter. As if the hard earned tax dollars of the American people can be treated like Monopoly money.
But he did this! :
Obama proposed another record spending bill that will cost taxpayers $3.8 trillion and will raise the national deficit to $1.6 trillion. This is nearly 4 times the 2008 national deficit when President Bush was in office.
But wait on December 21, 2009 he said the same thing:
“We can’t continue to spend as if deficits don’t have consequences; as if waste doesn’t matter; as if the hard-earned tax dollars of the American people can be treated like Monopoly money.”
This was the same day that democrats spent $1.2 billion to bribe fellow democrats to vote for Obamacare.
Obama's Budget Is 'Fiscal Insanity': Sen. Gregg
ckquote>President Obama's economic policies are promoting 'fiscal insanity' that is leading the nation down the path of insolvency, Sen. Judd Gregg (R)-NH told CNBC Monday.
"We're going to get ourselves into deep, deep trouble here if we continue to pursue this course of fiscal insanity, in my opinion," said Gregg, a ranking member of the Senate Budget Committee, said in a live interview.
"It's not just this year, which is the issue of stimulus," Gregg added. "It's the year after, it's the year after that and the year after, eight years out the president is projecting a trillion dollar defecit, a trillion dollars every year for the next eight years, that's not acceptable. You just cant do that to this country because you're basically taking us down the road of insolvency."
~ snipet~
"If you have a government in place with an inherent antipathy towards the market and capitalism, and I believe this government does, I wish it weren't true, but this is the government of community organizers. They believe in social justice," said Gregg.
Sen. Sessions describes Obama's new budget as 'scary'
Charles Krauthammer excellent once again.
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Wild Thing's comment.......
Obama tripled the national deficit his first year in office. This year he will nearly quadruple it
America’s biggest enemies could never have dreamed of hurting America this badly and these enemies we have now are in the White House.
Eventually this government will no longer be able to fund itself and service its debt. This is a mathematical certainty. We're looking at sovereign default and the utter destruction of our currency.
It's going to be unimaginably ugly.
Obama makes my blood boil on a daily basis.
Posted by Wild Thing at February 2, 2010 05:55 AM
Comments
Once again, I volunteer to be the guillotine operator.
Posted by: Eddie (Enemy of the State) at February 2, 2010 09:55 AM
SPangdahlem Air Base in West Germany was near the Trier home of Karl Marx. I predicted the Obama Manifesto two years ago...HE and his socialist 'progreSSive' Baracksheviks are all about insideous REPARATION$... Finally the TEABAGGING PATRIOTS realize this...
Posted by: darthcrUSAderworldtour07 at February 2, 2010 10:38 AM
Luckily we have a few politicians and commentators in he public realm who can inform us of what the real financial dealings of he obama administration are. And what they mean. They mean that obama's policies will break America financially.
The Tea Partiers are going to have to get very active soon. I am sure obama is getting ACORN, SEIU and the New Black Panthers ready to perpetuate their fraud in the 2010 elections.
Posted by: TomR at February 2, 2010 11:27 AM
3.8 Trillion less the projected deficit of 1.6 Trillion leaves 2.2 Trillion which will come from Income Tax and other revenues.
These numbers are undressed, they are not even counting the Interest on the 1.6 Trillion and the Interest on the National Debt.
I would bet after all is said and done, next years budget will run past 4.5 Trillion. They keep borrowing but never pay anything back.
Another piece of bad news is we have pissed off the Chinesse, who we are into for over a Trillion bucks, they get pushed to much farther they may demand a repayment. Right now the U.S. has a Triple A credit rating. If we lose that then all bets are off the debt will go out of sight.
Buy Gold.
Posted by: Mark at February 2, 2010 11:36 AM
And worse, the Obamunists will jack up taxes that will stifle the economy and lead to actually diminished revenue.
Incidentally, this analysis is exactly why the approach of some good-guy rightists to "starve the governmental beast" in the 1980s and 1990s *did not work*. Less punitive tax rates led to economic growth that more than increased revenues, just as a smaller slice of a giant pie is larger than a large slice of a tiny pie.
Laffer's Curve, people, is real. I have no idea when we reach the top of it, but for now we are on the downside of it.
Posted by: Curmudgeon at February 2, 2010 01:00 PM
Eddie, heh heh
Darth, thank you so much for sharing about the Air Base. Yes, finally, what makes me so glad is that not only are Conservatives fed up but they are being joined at the Tea Party events by independents and others.
Tom, yes that helps so much. The ones speaking out that are in the financial field are making a difference even if it is to inform us. This is way over my head so I am trying hard to understand it all and they help explaining things.
Mark, thanks for the information about China. I pray someone will stop Obama and make it clear to him he is insane to keep sending our country into such massive debt.
Curmudgeon, good point, thank you. Yes there is that added to all of this too.
Posted by: Wild Thing at February 3, 2010 12:30 AM
