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Obama sets yet another record for government spending
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Irish Mike
Mar 10, 2012, 9:02:38 AM3/10/12
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"The federal government recorded its worst monthly deficit in history in
February, according to a preliminary report Wednesday from the
Congressional Budget Office that said the deficit in fiscal year 2012 is
already more than half a trillion dollars.
The CBO’s figures show that the government has borrowed 42 cents of every
dollar it spent during the first five months of this fiscal year. The
nonpartisan agency projected the government will run a deficit of $229
billion in February, the highest monthly figure ever. The previous high
was $223 billion a year ago, in February 2011."
Obama has added more than $7 trillion to the national debt in three years
- while he is running for re-election. Can you even begin to imagine what
his spending will be like if he gets re-elected and has no reason to show
any spending restraint at all.
The corner stone of Obama's political strategy is to grow the size and
scope of the federal government, redistribute wealth from those who earn
it to those who don't and to increase entitlements, welfare and handouts
to buy votes. If Obama is re-elected the national debt will absolutely
increase to $20 trillion plus, Obamacare will drastically increase the
cost of health care and the federal government will become even larger and
control even more of our lives.
America's problem is not that the people are taxed too little, the problem
is that the government spends too much.
Irish Mike
"It's not God bless America, it's God damn America!" Jeremiah Wright,
Obama's mentor and spiritual leader for more than 20 years.
________________________________________________________________________
February, according to a preliminary report Wednesday from the
Congressional Budget Office that said the deficit in fiscal year 2012 is
already more than half a trillion dollars.
The CBO’s figures show that the government has borrowed 42 cents of every
dollar it spent during the first five months of this fiscal year. The
nonpartisan agency projected the government will run a deficit of $229
billion in February, the highest monthly figure ever. The previous high
was $223 billion a year ago, in February 2011."
Obama has added more than $7 trillion to the national debt in three years
- while he is running for re-election. Can you even begin to imagine what
his spending will be like if he gets re-elected and has no reason to show
any spending restraint at all.
The corner stone of Obama's political strategy is to grow the size and
scope of the federal government, redistribute wealth from those who earn
it to those who don't and to increase entitlements, welfare and handouts
to buy votes. If Obama is re-elected the national debt will absolutely
increase to $20 trillion plus, Obamacare will drastically increase the
cost of health care and the federal government will become even larger and
control even more of our lives.
America's problem is not that the people are taxed too little, the problem
is that the government spends too much.
Irish Mike
"It's not God bless America, it's God damn America!" Jeremiah Wright,
Obama's mentor and spiritual leader for more than 20 years.
________________________________________________________________________
wolfagain
Mar 10, 2012, 9:13:05 AM3/10/12
to
IMPEACHMENT! might be the only way to stop him from driving the U.S.A.
into bankruptcy.
Mason Barge
Mar 10, 2012, 9:55:22 AM3/10/12
to
>America's problem is not that the people are taxed too little, the problem
>is that the government spends too much.
RichA
Mar 10, 2012, 12:37:22 PM3/10/12
to
in Israel or China, like many presidents, he'll go in office a mere
millionaire and come out 10x richer.
wolfagain
Mar 10, 2012, 2:39:04 PM3/10/12
to
other tax dodges to avoid paying...HIS FAIR SHARE!!! How much did he
give last year to charity? I think it was $11.45 or about.
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