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Showing posts with label obama's deficit budget. Show all posts
Showing posts with label obama's deficit budget. Show all posts

Wednesday, February 15, 2012

Just Doesn't Add Up

Obama's 2013 Budget. Really all we need to know is that Obama proposes to spend $3.8 Trillion against incoming revenues of $2.9 Trillion. Really.

Of course this adds almost one trillion to the already $15 + Trillion national debt. In fact, in his 2013 budget a full 7% of the budget is just for interest on that debt. That's like a family with a monthly income of $4,000 paying $280 a month just on credit card interest, not mind you, any reduction of the existing balance.....just paying on the interest - starting to become an Obama thing.

And of course Obama's budget does not address any reforms or restructuring of Social Security or Medicare.....both which are supposed to tank (read: go bankrupt) within the next 10-20 years depending upon who figures you use.

Obama's presents this budget with words like "reining in our deficits is not an end in itself but a necessary step to rebuilding a strong foundation so our economy can grow and create good jobs."

Are you kidding me Mr. President? What you say and what you do are two different things. How is spending almost a Trillion more than we are bringing in "reining in our deficits?",.....how does "deficit spending" create new jobs?