Friday, May 15, 2009

Obama Finally Gets It! . . . Or Does He?

At a town hall meeting yesterday, Obama “courageously” spoke out against excessive spending. "The long-term deficit and debt that we have accumulated is unsustainable. We can't keep on just borrowing from China or borrowing from other countries. We have to pay interest on that debt and that means that we're mortgaging our children's future with more and more debt.”

Even the most rabid conservative could say “amen” to that; it was part of the Tea Party message. However, Obama was using that spiel as a major selling point for his health care proposals. Somehow in his magical economic utopia, if the government spends more money on health care for everyone, then we will save money, get the economy going, and get out of debt.

This is from the guy who within 107 days in office has increased the deficit to 11.9% of the Gross Domestic Product, or $1,800,000,000,000. Since 1946, that percentage has varied, but the average for all of those years was 2.3%. In 1934, the year the Depression deficit peaked, the percentage was 5.9% of the GDP. (Read Investor’s Business Daily for more.)

And the people responsible for this are the same ones who excoriated Bush’s $400,000,000,000 deficit. Go to Heritage Foundation to see an excellent visual comparison. Since everyone tends to nod off when mentally comparing billions and trillions, it is necessary to have a visual to understand the impact. In fact, the Obamatrons are depending on our misunderstanding to continue their plans to change the country without opposition.

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