Posted on 02/02/2010 11:31:39 AM PST by Schnucki
Don’t you hate it when you go to a 50% off sale and then realize the store marked up all the prices in order to offer the big savings? Welcome to President Barack Obama’s spending freeze.
It’s hard to keep up with the shocking numbers under Obama. Federal spending was up 18% in his first year and the deficit was $1.4 trillion, almost three times greater than it was the previous year. That’s 9.9% of 2009’s GDP, more than three times the post World War II average. (Sorry, Barry, but you can’t blame it all on Bush. That budget was done under a Democrat House and Senate and signed by you. ) Depending on whose numbers you believe federal nondefense discretionary spending will increase another 7-10% for 2010.
The Congressional Budget Office says we’ll run at least another $1.35 trillion deficit. The average deficit for 2011-2020 will be around $600 billion per year. Even in Washington that’s a lot of money.
The spending boom has not stimulated the economy and unemployment has climbed to over 10%.
But don’t worry. Now that Obama has created “government gone wild” he wants a spending freeze to save your money. As my dad used to tell my mom after she bragged about all the money she saved while shopping, “We can’t afford to save anymore.”
How much will we save? It depends on what “spending freeze” means.
Here is the spending that won’t be frozen:
* The $787 billion stimulus – Whoops, it’s now $862 billion according to the CBO
* The new stimulus – sorry, “jobs program”
* Any new health care plan
* Medicare
* Medicaid
* Social Security
* Veteran’s Affairs
* Homeland Security
* Defense
Here is the spending that will
(Excerpt) Read more at biggovernment.com ...
Parting GIft:
Show ACORN the Money -eligible for up to $4B in 0bama’s 2011 budget
http://spectator.org/archives/2010/02/02/show-acorn-the-money
Barry is GOOD at BAIT AND SWITCH! BASTARD!
Spending freze won’t do it. We’re talking about mountains of accumulated debt over decades, adding up to tens of trillions of debt. This little $2.5T pile of debt is just this year.
In order to right the ship, government would have to cut down by over half for about 20 years, AND cut taxes on all businesses, specifically those who do R & D and successfully put their ideas in the market.
Don’t hold your breath.
“It’s hard to keep up with the shocking numbers under Obama. Federal spending was up 18% in his first year and the deficit was $1.4 trillion, almost three times greater than it was the previous year. That’s 9.9% of 2009’s GDP, more than three times the post World War II average.”
Hey it takes a lot of effort to bankrupt the most productive country in the world. Make no mistake this is a direct attack on the freedom and sovereignty of our great country.
OMG, he’s on TV again giving another campaign speech. Who the hell is taking care of the Country????
Are you talking about the NH townhall? He was in rare form wasn’t he? If you didn’t know what he was truly doing, everything he said sounded great. He was a conservative.
Yes, I hate that. I received an email the other day from Princess Cruise for 50% off a 15 day land/sea tour of Alaska, called and prices were higher than they were 3 months ago when there wasn’t a sale.
If dishonest, globalist “progressives” with their PACs of harpy bandwagons successfully push libertine, globalist Republican candidates into office with rhetoric, you won’t see smaller government. Without admittance of conservative men into election debates, the big default is the only way. And the default is in front of us, so let it come.
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