Monday, January 7, 2013

Obama - "We Don't Have A Spending Problem"

In his negotiations with Republican Speaker of the House John Boehner to deal with the Fiscal Cliff, Socialist President Obama is reported to have said, " We Don't Have A Spending Problem".   What planet does this President live on.  This is coming from a President that has added $6 Trillion to our National Debt in the last four years, more than any other President in American history, with no end in sight.  Either Obama is completely delusional and out of touch with reality, or the man just does not understand numbers; maybe it is both.   The fact is that our current $16.4 Trillion National Debt now exceeds our annual Gross Domestic Product (GDP), which is very dangerous.   As a result, another credit down grade is coming and soon. 

Obama is now borrowing and spending about 46 cents for every dollar spent by the federal government, or about $4 Billion every day because he refuses to cut spending.  That is about $120 Billion a month, or about $1.4 Trillion a year more than the federal government takes in.   This is fifth grade math.  Obama really believes that the solution to his deficit spending is even higher taxes than he just got through the Fiscal Cliff deal.   The reality is that if all the wealth in the country were confiscated, which Obama and his Socialists pals in Congress would just love to accomplish, it would be impossible to continue funding Obama's annual Trillion dollar plus deficits in addition to the $100 Trillion in unfunded liability for Social Security, Medicare, Medicaid and ObamaCare. 

President Obama lives in a dream world based on redistribution of income in the name of "social justice".   Obama wants to take from the Makers in society, the 50% of us that work hard and play by the rules and give to Obama's PEEP's, those on the dole, the 50% of Americans that pay no income taxes at all, public employee union members, illegal aliens, radical feminist and environmentalists, trial lawyers, and crony Capitalists.   The problem is that it just does not add up.

The United States is headed toward bankruptcy and a loss of our national sovereignty.   We can't tax our way out of it.   We must cut spending to restore economic growth and job creation again in the private sector.   It will not happen any other way.  This Blogger is convinced that Obama is intentionally out to bankrupt our country in order to "transform" our nation into a Socialist, or Communist country.  What other explanation can there be.   WE MOST CERTAINLY DO HAVE A SPENDING PROBLEM.    

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