Wednesday, May 26, 2010

The United States of America: on the road to bankruptcy.

When President Obama requested $63 billion for Iraq and Afghanisan, Congress inflated the bill to $300 billion for other pet projects, according to

Anyone still want to talk about those terrible deficits under President Bush?

Obama and his liberal Congress is racking up more debt in two years than the previous 10.

But don't worry. Obama keeps promising that his unconstitutional Health Care Plan will cut $100 billion from the deficit over 10 years.

Does he think the American people are stupid? He must, along with Pelosi and Reid.

Besides groveling to world leaders, this man and his friends will bankrupt this country.

Make sure you vote these people out in November of 2010 and 2012.

How's that change working for you now? The fact that as private sector wages drop, federal benefits are going up. This is the situation that created riots in Greece. USA Today reports on this in Private pay shrinks to historic lows as gov't payouts rise. We're becoming a welfare state, and that's not what this country is about.

On nearly every front in the real economy -- from jobs to consumer spending to foreclosures -- we've made virtually no progress at all. While Washington and the media have been consumed with the titanic debate over this reform bill [financial reform], talk of the actual suffering by actual people in the actual economy is virtually a taboo subject, at least judging by how rarely it makes the front pages or leads the TV news.
That's from Arianne Huffington. Yes, the Arianne of HuffPost. Even the liberals -- well, some of them -- are grasping the obvious.

The chart above only shows deficits through 2011. This view shows the projected deficits through 2019.

A short note to FamGuy in Colorado: Don't even bother to tell me that this problem was created by Bush and Obama is just fixing it. Time to get a grip on reality as it exists NOW. This is not fixing anything.


Anonymous said...

NEWSFLASH! An economy that take 8 years to wreck can't be fixed in a year and a half.

Anonymous said...

I knew you'd show up!

Anonymous said...

SO, you would rather Obama let the whole thing crash, after your boy wrecked it?

Anonymous said...

By the way, your chart is bullshit. It doesn't even show the $860 billion written by Bush, when were already WAY under water, just to keep us from imploding before he left town, after his disastrous 'reign of error'.

Steve said...

Read up on the TARP program. It didn't cost the taxpayers $860 as you claim.

And I didn't make those charts. Came from two different sources. I know they don't fit your world view, but facts are facts.

BTW, Bush is not my "boy." I'm just presenting facts as they are now. You need to get over your obsession with Bush and start paying attention to what's happening now.