In eight years the Bush administration, with the enthusiastic cooperation of Democrats and Republicans in Congress, grew the size of the federal government about 60%.
In eight months Obama and the Democrats have tripled the size of the federal government, creating unprecedented deficits behind massive government spending.
BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
Via Tea Parties and Town Hall meetings, millions of Americans have been protesting Obama’s spending orgy for many months.
President Obama epitomizes ‘say one thing, do another.’ Translation: zero integrity.
Economists from across the spectrum have warned of the dangers of his out of control spending, warning about the devaluation of the dollar, the risk of hyper inflation, a deepening recession, tightening credit and the harm done small business, the backbone of the economy.
Now we face deepening recession, even depression. Unemployment is breaking records. The mortgage and housing industries continue to fall.
Still, the President and his lapdog Congress spend and spend and spend and propose more spending on healthcare and global warming and you name it.
Now, all of a sudden, he is alive to the threat of his own spending policies just days after denigrating Tea Party people as “extremists” and “anti-government”?!
Americans! Your President thinks you are so stupid, he can manipulate you into believing he really cares about the financial health of the country, just as he cares about prosecuting the war on terror, securing the border, or helping us achieve energy independence.
One supposes Obama made this statement to reassure the Chinese. They are most likely laughing, just as when our esteemed Treasury Secretary told them their investments were safe in our hands.
What a bloody disgrace.
AND it goes FROM BAD to WORSE! Heritage report here.