Pages

Monday, February 28, 2011

OBAMA'S U.S. DEBT SURPASSES SIZE OF U.S. ECONOMY

Barack Obama's U.S. budget paints the bleakest picture yet of the current fiscal year, which is on tract for a record federal deficit and will see the government's overall debt surpass the size of the total U.S. economy, according to The Washington Times February 21 edition.

While Obama does call for some tax increases and spending cuts, America's "illegal President" admits his budget shows deficits for the foreseeable future.

When President George W. Bush left office in 2009, he left a budget of $350 billion.

Obama's budget is 9 times that amount.

Obama, of course, hired some 100,000 political hacks to run his anti-American administration.

You see, Obama is all about Obama--a narcissistic (erotic self-love) selfish brat!

Here's a guy with absolutely no leadership experience, pretending to be what he never could be: A real President of the United States of America who has the respect of "The People!)

He sneaked into the back door of the White House with the help of a Chicago corrupt organization (thugs) named ACORN. Obama was ACORN'S Board of Directors lawyer, their legal advisor.

It's been all downhill since America's ignorant voters put this crook into office -- the most powerful nation in the world.

When Obama ran for the presidency, he always called himself "A Citizen of the World."

That's right!

A "citizen" not of America...but a "Citizen of the World."

This creep is dreaming his presidential life away.

He needs help.

A psychiatrist should be his first start.

Several budget analysts said, Obama missed a golden opportunity to prove he's serious about reducing the nation's annual trillion dollar deficits and overall $14.1 trillion federal debt.

"What that says is basically you've got last year's budget dressed up, and that raises the question what did learn from the (budget) commission," said Douglas Holtz-Eakin, former director of the Congressional Budget Office and now president of the conservative-leaning American Action Forum."

"They took a complete pass on that, and they put out a budget which is at best characterized as political strategy and at worst characterized as pandering."

Obama created the high-profile deficit commission by executive order last year after Congress was unable to create it by law.

The "president" charged the 18 members with coming up with ways to balance the budget, excluding interest payments on the debt, by 2015, and to close the country's long-term budget gap.

The White House said the commission was the key to closing the deficit that Obama acknowledged his budget contained.

Obama shelved the commission's more controversial proposals aimed at reining in the skyrocketing cost of Social Security, Medicare and Medicaid, and enacting tougher caps and deeper cuts to discretionary spending.

New Jersey's Republican Governor, Chris Christie, has set a 2 percent cap on all state government spending.

Now that's a leader!

The conservative Republican Party has been pressuring Christie to run for President because he knows how to deal with a blue liberal state (New Jersey) which is controlled by government unions.

Obama already has reneged on his modest pledge last year to bring deficit spending down to 3 percent of GDP (Gross Domestic Products).

If Obama refuses to control government spending, then it's time for Congress to impeach this Chicago liberal-socialist-Marxist "illegal President."

What's really wild is that Obama flies all over the world in the expensive taxpayers Presidential jet plane, spending millions of taxpayers dollars visiting socialist dictators who love him, while "Bam" (his nickname) complains about how horrible America is.

This is how an Islamic Muslim really sees the United States.

And that's why Obama is the most dangerous person in the USA.

(Gordon Bishop is a 'Who's Who in the World' national award winning author, historian, syndicated columnist and New Jersey's First "Journalist-of-the-Year"--1986/New Jersey Press Association, founded in 1857.)




...