Monday, February 23, 2009

What? R U Kidding?

Political Post Warning!!
If you don't want to be informed of the way politics works or if you don't want my opinion....
Leave Now.
Otherwise...enjoy:

Obama says his proposal for the 2010 fiscal year that begins Oct. 1 projects that the estimated $1.3 trillion deficit he has inherited from former President Bush will be halved to $533 billion by 2013. That's a difference of 9.2 percent of the overall economy now vs. 3 percent in four years.

Is he kidding? Does he think we are morons? What?
First of all, lets make sure there is plenty of blame to go around (since he placed blame before he makes his "promise" of reduction).
As of Sept 30th 2008, the federal government had run deficit of $450 billion dollars for that fiscal year. The bank bailout bill, which was supported by A LOT more democrats than Republicans and one of the Yes votes was by none other than Senator Obama himself added the extra $800 or some odd billion (Of which Bush only spent half - he left the other half for the Obama administration to spend!! (have you heard what we spent that on?? or was there no "transparancy"?)) to the deficit to which the President is referring. In Sept the congressional budget office was projecting that the next fiscal year deficit would be around $460 to $470 billion dollars. But now, our President vows to us that HE will "reduce" the yearly deficit to $40 billion more than that, but it will take until the end of his first term in 2013? Maybe I should have taken some college accounting classes, because I think I would be fired if I vowed to do that in my next management meeting!! So, basically, just for your info, the President is saying, the National Debt is going to increase approx. 6 trillion dollars over the course of his first term, but it is President Bush's fault? Already campaigning for 2013? Anyway, under President Bush the National debt increased $5 Trillion dollars (8 years/ 2 terms)and liberals called him the worst President in history. If it increases another $6 Trillion under Obama in 4 years/1 term what does that make him?

You have to love politics!! Problem is, not many people currently see that our government is bankrupt. We owe currently over 10 Trillion dollars to foreign countries!!

No comments: