Cerise
Well-Known Member
Obama's economic policies, adopted by the Democrat-controlled Congress, call for total Federal borrowing of $3.5 trillion this year alone! The Federal debt is projected to soar over the next 10 years to a peacetime record of 84% of GDP, and to keep on growing past the all-time record of 113% of GDP during World War II. Rep. Paul Ryan, ranking Republican on the House Budget Committee, projects it will climb to 200% of GDP, twice the size of our entire economy. That would be 5 times the level of national debt that prevailed for decades before Obama.
But not to worry, because the Congressional Democrat leadership and President Obama have a plan. First they are going to pass national health care, adding the biggest entitlement of all to the fiscal catastrophe we already have, giving new definition to the term fiscal insanity. Then, after that, they are going to come back to us and say, gee, we have no choice now but to raise your taxes, really, really, really raise your taxes, to record-shattering levels, to levels so high that it will change the fundamental nature of our economy and our nation.
After that, America will no longer be a land of prosperity and booming economic growth, as it has been for hundreds of years, since early colonial days. It will no longer enjoy the highest standard of living in the world. It will instead be America the Welfare State, with a government so big and overwhelming that everyone will be scrambling to get their personal gravy in government handouts, rather than producing for the marketplace and consumers.
The 0bots made our bed and now we ALL have to sleep in it........hey, quit stealing the covers!!