Will we, the citizens of the US never learn? Are we going to allow ourselves to be sentenced to the insanity perpetuated upon us by our elected officials until our country completely breaks down? How long are we going to abide by the absolute fiscal irresponsibility continually approved by our government officials who believe so strongly in the power of incumbency and the short memory span of their constituents that they can do anything they choose without recourse?
I am speaking specifically about the budget deficit our Federal government is passing on to the tax payer. I recall during the 2008 election cycle that candidate Obama made big news with his complaints about how during his last year in office President Bush was such a bad manager of the nation that he allowed the federal deficit to grow to the amazing sum of $162 Billion dollars. I agree that this is a staggering sum and it is ridiculously irresponsible, but this was at the end of the 8 years of mismanagement.
Today the treasury department announced that the federal deficit for the month of October 2009 -- ONE MONTH -- exceeded $176 BILLION. ONE MONTH! Let me repeat this, because it is really important, in ONE MONTH, the federal deficit for monies spent by the Obama administration EXCEEDED the entire most expensive year of the Bush administration.
In his first fiscal year in office, the Obama administration took the American citizens into the hole to the tune of $1.42 TRILLION DOLLARS!!! Yes, that is TRILLION with a capital “T”. To make matters worse, the total deficit for the 2010 fiscal year is expected to top 1.5 TRILLION. Again that is a “T” as in Trillion, as in more money than each citizen can count if they spend their entire lives counting.
Just as a point of reference, 1.42 Trillion was the largest deficit recorded by a federal administration since the end of WW II in 1945 and we are project to top it again this year.
Of course the President has promised to deliver a deficit reduction plan as part of his 2011 budget, but he also plans to push through the health care plan and the cap and trade bill, which, regardless of what he may say, will cost the citizens of this, our United States, additional Trillions (yes again the “T” word) over the next ten years.
I am speaking specifically about the budget deficit our Federal government is passing on to the tax payer. I recall during the 2008 election cycle that candidate Obama made big news with his complaints about how during his last year in office President Bush was such a bad manager of the nation that he allowed the federal deficit to grow to the amazing sum of $162 Billion dollars. I agree that this is a staggering sum and it is ridiculously irresponsible, but this was at the end of the 8 years of mismanagement.
Today the treasury department announced that the federal deficit for the month of October 2009 -- ONE MONTH -- exceeded $176 BILLION. ONE MONTH! Let me repeat this, because it is really important, in ONE MONTH, the federal deficit for monies spent by the Obama administration EXCEEDED the entire most expensive year of the Bush administration.
In his first fiscal year in office, the Obama administration took the American citizens into the hole to the tune of $1.42 TRILLION DOLLARS!!! Yes, that is TRILLION with a capital “T”. To make matters worse, the total deficit for the 2010 fiscal year is expected to top 1.5 TRILLION. Again that is a “T” as in Trillion, as in more money than each citizen can count if they spend their entire lives counting.
Just as a point of reference, 1.42 Trillion was the largest deficit recorded by a federal administration since the end of WW II in 1945 and we are project to top it again this year.
Of course the President has promised to deliver a deficit reduction plan as part of his 2011 budget, but he also plans to push through the health care plan and the cap and trade bill, which, regardless of what he may say, will cost the citizens of this, our United States, additional Trillions (yes again the “T” word) over the next ten years.
So, I ask again, will we never learn? As my friend Bob keeps saying, I think it's time to throw the bastards out -- all of them! It's time the start this govenment over.
Posts
