After multiple bailouts of the auto, banking, insurance, and mortgage industries, the Stimulus Package, and now the assimilation of health care, we are in so much debt, I don’t think we will ever be in the black again. This $938 billion debacle signed by the socialist now occupying the White House may push us off the cliff we have been teetering on.
A trillion here, a trillion there, pretty soon we are talking about real money. We have to stop bleeding money. We need to elect candidates that will enact a law requiring a balanced budget. In an era of limited and diminishing resources, the Federal government needs to be put on a diet. There are priorities that each of us need. The founding fathers did a pretty good job enumerating them in the Constitution. The past Republican administration overspent and that makes me mad. This socialist administration is spending like they own the printing press. They don’t, we do, and until they feel the flex of the American electorate, they will continue to bleed us for every cent they can get.
I truly hope the fervor over this latest spending spree holds over till November. These elected officials are spending our money like drunken sailors and Obama is paying off congressmen like Stupak with our tax money. Did you see that Stupak’s district got almost $1 million in airport grants two days before the vote? Maybe the useless executive order on abortion was not the determining factor in his yes vote. I think it would be good to see what these “servants of the people” have gotten us into.
I am a George W. Bush fan, but he was no fiscal conservative. When he entered office in 2001, the Federal deficit was $5.7 trillion. When he left office in 2010, that number had grown to $10.7 trillion. That is an 88% increase in our debt in eight years. I guess the only thing that kind of lessens the impact of the increase is the use of the majority of the money for post-9/11 security measures. Of course, there were those two wars where we are still spending incredible amounts of money.
Since our current socialist president has taken office, he has put the checkbook to extreme use. We may have an ink shortage soon. Our estimated deficit at the end of this year is $14.5 trillion. How about that, 26% in two years! That’s not the bad news. In 2012, when our socialist president will be thrown out of office, he will leave us with a total debt of $17.4 trillion. That is a 63% increase in debt in only 4 years.
I would now like to thank each of those uninformed 65 million people that voted for “change” for the personal debt of $58.000 for each man, woman, and child in this Country, most of which is owed to the Chinese. This spending has to stop. Support and vote for candidates that will hold the line on spending and this redistribution of wealth.
Posted by scr2695 
