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	Name:	MartiniMan -
	Subject:	Budget and Deficit Insanity
	Date:	3/30/2009 8:32:49 AM

Good quote for those who voted for Obama to consider:

Just this week, former Clinton budget director Alice Rivlin conceded that Obama's budget could present a "scary scenario" that would "raise deficits to unsustainable levels well after the economy recovers." The solution, she wrote, is higher taxes, and not just for the richest of the rich.

CBO is now saying that the Obama budget will add nearly $1 trillion ($1,000 billion) to the deficit EACH YEAR FOR THE NEXT 10 YEARS (I am not shouting, this is the only way I know to highlight an important point) which is not sustainable as structural debt. What is happening right now folks is Obama is using the economic crisis as a smokescreen for implementing a vast increase in the size, scope, intrusiveness and cost of federal government that in the long run will reduce our economy to a shadow of what it is and could be in the future. Do we really want double digit inflation if they print money or deflation if new taxes tank the economy? Do we really want European unemployment levels that are always 5% higher than ours?

I recall quite clearly during the debates last fall Obama railing against a cumulative $450 billion deficit under Bush and rightly pinning part of the blame on McCain voting for those budget increases. It appears that not only wasn't he serious about deficits but his real objection washow the money was spent. For Obama any deficit is acceptable as long as it is spending on federal entitlement programs so he can "spread the wealth".

Folks, this is socialism in action and I hope and pray enough Americans still care about our long-term economic well being and what we will leave our children to have to deal with that we rise up and force Obama to alter from this disastrous course.

Other messages in this thread:

View Entire Thread

Budget and Deficit Insanity - MartiniMan - 3/30/2009 8:32:49 AM

Budget and Deficit Insanity - Talullahhound - 3/30/2009 9:57:22 AM

Budget and Deficit Insanity - lakngulf - 3/30/2009 11:04:09 AM

If it gets too depressing - MartiniMan - 3/30/2009 12:29:46 PM

Budget and Deficit Insanity - water_watcher - 3/31/2009 6:39:05 AM

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