02 / February
02 / February
Attention, Deficit Disorder

Nowhere does the reality fall so far short of the hope regarding Barack Obama's presidency than on the deficit. "And we are now looking at a deficit of well over half a trillion dollars," candidate Obama complained. "So one of the things that I think we have to recognize is pursuing the same kinds of policies that we pursued over the last eight years is not going to bring down the deficit. And, frankly, Sen. McCain voted for four out of five of President Bush's budgets. We've got to take this in a new direction, that's what I propose as president." The direction he proposed and the direction he pursues point in the opposite direction. To put Obama's proposed $1.6 trillion deficit in perspective, it is as large as the entire budget under Bill Clinton in 1998. This deficit constitutes 11 percent of the U.S. economy. The overall debt will eclipse the GDP in this calendar year. President Obama's much touted "spending freeze," which boasts saving a whole $20 billion next year, amounts to roughly 1/80th of the deficit. The operation requires a chainsaw and the surgeon is using a nail file.

posted at 12:53 AM
Comments

$3.8 Trillion deficit spending projected from 2009 thru 2011 for Owe bama and his Corruptocrats.

He's doing what he started out to do: destroy the United States.

Posted by: asdf on February 2, 2010 08:56 AM
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