President Barack Obama has a new budget. So it’s time to suspend reality and listen and nod your head and pine for four more years.
President Obama promised in 2009 to halve the deficit by the end of his first term. The last fiscal year budget deficit under Bush was $482 billion. In the four years of Obama’s first term it has yet to be less than $1 trillion. As former New York City Mayor Ed Koch used to asks his constituents, “How’m I doing?”
So while Obama’s new budget promises another trillion plus deficit, but don’t worry he will cut $4 trillion in spending over the next ten years. Never mind that even if he is reelected 60% of that timeline is beyond his control. It should also be pointed out that $4 trillion over ten years is only $400 billion a year, which leaves another $600 billion to be added to the national debt each year.
If that is not smoke and mirrors enough, that $4 trillion includes $1.5 trillion in tax increases. Why does this president and his backers insist that we have to take more money from the production of America’s citizens to cover his spending, rather than cutting his spending to fit within the available revenues?
For his first two years in office he worked with a Democrat controlled Congress. He got everything he asked for and everything is worse. We have staggering debt despite his promises to cut the deficit in half, unemployment worse than when he took office despite his promises to that his stimulus would cap unemployment at 8%, we have ObamaCare striking right at the heart of the First Amendment and he basically says, “get over it.”
Enough is enough. The experiment failed. It is time to cut this man loose and start working to repair the enormous damage he has done.
That’s my opinion; I’d like to know yours. Please comment below.
