Friday, January 13, 2012

Obama - Raise The Debt Ceiling By $1.3 Trillion

Socialist President Obama has requested that the Congress raise the National Debt Ceiling by another $1.3 Trillion.  In fact, if Obama's spending trajectory continues, this President will add about $6.2 Trillion to the National Debt, in his firm term in office, more than any other President in American history.  President George W Bush added $4 Trillion to the National Debt in 8 years in office.   At the end of Obama's first four years, the National Debt will stand at nearly $17 Trillion.  And, Obama's projected budgets looking out ten years, if his reckless spending is allowed to continue, would add $10 Trillion more; but of course the markets will never allow it to happen.

The United States credit rating has already been downgraded for the first time in modern history.  9 Countries in Europe have had their credit ratings down graded because of the financial mess in Europe.  If Obama continues his deficit spending, at levels that are both reckless and irresponsible, US Treasuries bonds will eventually be rated as junk bonds.  The day is coming because there is no plan in place to Balance the federal budget and pay off the National Debt.  In fact, the Senate, managed by Socialist Senator Dirty Harry Reid of Nevada, has not enacted a budget in more than 800 days.  Our country is being run by a series of continuing resolutions just to keep the government from shutting down.   Harry Reid should be in jail not in Congress for his high crimes and misdemeanors.

In an election year joke, Socialist President Obama is calling for the consolidation of six government agencies.  Hurrah!!   But will it ever happen.   And, more importantly, how many public union employees will be cut and how many programs will be eliminated.   We need to see details; but I would not bet any money on Obama actually getting rid of any of his union supporters.  That will happen when hell freezes over. 

We have got to take back our country in 2012 and 2014 by sweeping these Socialists at all levels of government, including President Obama and RINO's out of office.   These characters are bankrupting our country as they continue feeding at the trough.   Isn't it interesting that members of both political parties oppose Term Limits.  Wonder why?   None of them want the gravy train to end.  We have to put on our hip boots to drain the swamp that is Washington DC.   The work will be hard and stinky; but we must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   In the mean time, the National Debt is going up millions of dollars each hour of every day with no end in sight. 

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