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 FoxNews.com.

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.

Obama vs. the Banks

Obama's plan to place draconian regulations on the banking industry spooked the markets last week. According to Investor's Business Daily:

The president last year proposed a series of measures to tighten the reins on financial institutions, and the House passed a bill last month. His announcement Thursday broadens those measures, particularly by endorsing a proposal by ex-Fed Chairman Paul Volcker to restrict proprietary trading by commercial banks. Such a limit would separate commercial banks from investment banks, a line that was blurred a decade ago by the repeal of the 1930s Depression-era Glass-Steagall Act. Without such regulations, Obama said, the financial system will continue to operate under the same rules that led to its near collapse.

He's just trying to pin the blame where it doesn't belong:

But Wall Street didn't cause the collapse — government did . And this call for tougher rules is yet another attempt to escape blame. All Glass-Steagall did was let bank holding companies buy into investment banks. What undermined the financial system was a fanatical application of rules aimed at getting banks to lend as much money as possible to facilitate homeownership among minorities.

It was the government, not Wall Street, that created the subprime market by compelling banks to make bad loans and urging Fannie Mae and Freddie Mac to cash out the banks by putting more and more of the toxic mortgages on their balance sheets.

The more the government meddles where it doesn't belong, the more trouble we get. As Reagan so aptly put it: Goverment is not the solution; government is the problem.