ThoughtRogue: Folks, take a look at the unbelievably sobering graphs below (courtesy of The Wall Street Journal). Note the following: (1) Obama’s deficit is larger than Bush’s largest by a factor of FOUR – and the Usurper still attempts to shift the blame to others, especially Bush. (2) For the first time EVER, the federal deficit exceeds $1,000,000,000,000.00 (that’s 1 $Trillion in overspending) – and the fiscal year is far from complete. (3) The federal “revenues” have significantly SHRUNK in comparison to last year’s – that’s because business profits are disappearing along with tens of millions of tax-paying jobs. (4) The insatiable federal spending, bars on the right, are displayed on the same scale – and include all the bailout schemes to date.
WARNING: These audacious, skyrocketing federal deficits do not yet include: (1) The “Cap and Trade” massive tax scheme (largest in American history if it passes the Senate). (2) The Socialized Medicine extravaganza – destroying our superior private health care system, in favor of the rationed ObamaCare “Universal” health care scheme. (3) “Immigration Reform” – aka The Mother of all Amnesty schemes. And now, Congress is even contemplating another colossal “stimulus” pork-laden spending scheme.
Also, likely to compound this Obama Nirvana, (1) another stock market crash in the next few months. (2) a crisis in commercial real estate. (3) a continually collapsing value of our Dollar, and (4) a debilitating rate of inflation when our economy finally does become able to recover.
Ah, the wonders of Hopenchange!! Perhaps we should have elected someone who is actually Constitutionally eligible (not to mention competent) for POTUS instead?
Economic Nirvana
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