”As the economy recovers, I intend to take serious steps to reduce America’s long-term deficit. Debt-driven growth cannot fuel America’s long-term prosperity, If we do, we will continue to drift from crisis to crisis, a failed path that has already had devastating consequences for our citizens, our businesses, and our governments” -President Obama during the Asia summit.
Perhaps President Obama’s words on reducing debtcould be taken more serious if he and his far left Administration were not trying to push a $1 trillion dollar plus Health Care Bill down our throats. Or trying to pass an equally expensive Cap and trade energy bill that will also see citizens energy rates rise dramatically if implemented.
Perhaps I would buy into the Presidents fancy talk if it was not for him presiding over a $1.4 trillion dollar deficit in 2009 during his term-the highest deficit since World War II. The Government spending in 2009 under Obama reached close to 25% of all GDP. And revenues fell bellow 15% of the GDP. His 2009 deficit is larger than the entire length of Clinton’s Presidency. And it’s well on pace to surpass the wreck less spending of President Bush. Obama sure did a good job during the campaign Blasting Bush for his out of control spending-rightfully so. Obama has failed horribly to be any better.
Maybe I would feel more confident in Obama’s words if he did not support a $829 billion dollar Stimulus bill(that has done nothing to lower the unemployment rate, currently at 10.2%), give billions of dollars to bail out Banks, auto companies and failing Institutions.
The notion of being able to take politicians like Obama serious anymore is nothing more than a laughing matter. Everyone with the slightest sense of what is going on knows it’s all bull. But yet they keep on spending.
Sorry Mr. President your words have no merit or credibility.
http://online.wsj.com/article/SB10001424052748704888404574547492725871998.html
vintorius
