“President Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of George W. Bush’s presidency


Unsustainable
  • Text size
  • Larger
  • Smaller

March 20, 2009 | “President Barack Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday,” reports the Associated Press. “The new Congressional Budget Office figures offered a far more dire outlook for Obama’s budget than the new administration predicted just last month — a deficit $2.3 trillion worse. It’s a prospect even the president’s own budget director called unsustainable.”


Certainly unsustainable for the chattel, debt slaves on the hook to the international bankers who will clean up big time on this obvious (or should be obvious) scam.

“In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs.”

It’s disgusting the corporate media keeps feeding us this line of bullshit and we keep supping it up — all this blame heaped on Obama’s addled predecessor, who had a difficult time eating pretzels and riding bicycles without accident. It is a manufactured given that we need health care, new energy sources (in response to an equally manufactured climate change crisis) and domestic programs that government has no business creating.

In 1945, Harry Truman said we needed a new health care system. Did we get one? Of course not. Give ‘em Hell Harry gave us the National Security State instead.

George Bush’s task was to double the national debt and now it is Obama’s turn to quadruple it.

“In 1910 the U. S. Federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent,” writes Pastor Sheldon Emry. “By 1920, after only six years of Federal Reserve shenanigans, the Federal debt had jumped to $24 billion, or $228 per person. In 1960 the Federal debt reached $284 billion, or $1,575 per citizen and state and local debts were mushrooming. In 1998 the Federal debt passed $5.5 trillion, or $20,403.90 per man, woman and child and is growing exponentially.”


Now the national debt is more than a $11 trillion.

It’s interesting if nauseating to watch the liberal side of the contrived right-left paradigm rant and rave about the Bush dictatorship. Bush merely set the stage for Obama who has himself a mighty rolling tool chest of extrajudicial repression just in case he needs it.

He’s going to need it when people begin going in the streets to protest against engineered inflation and the punitive taxation coming down the pike.

Views: 33

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

John Miller commented on tjdavis's photo
Thumbnail

Comprehensive Coverage

"That car needs an exorcism, not an oil change."
1 hour ago
John Miller commented on tjdavis's blog post The Dems Love Their Demons
"If the Dems are dating demons, then that AI romance shoot was basically engagement photos."
1 hour ago
John Miller replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"Wouldn't be surprised if there's a whole lot more buried under the surface here."
1 hour ago
Less Prone favorited rlionhearted_3's photo
4 hours ago
Less Prone left a comment for John Miller
"Welcome John."
4 hours ago
Doc Vega posted a blog post

The Saga of Ape Canyon Revisited

 In the years that I’d written for the Plano Star Courier I got several invitations to go on…See More
5 hours ago
John Miller is now a member of 12160 Social Network
8 hours ago
Less Prone favorited tjdavis's photo
8 hours ago
tjdavis posted a photo
15 hours ago
Burbia posted a video

The lIIumlnatl Stallions: MethyIene Bluecifer & Mind-Control Horses [ FULL DOCUMENTARY ]

🐴🦄🐸 Get the NEW "lIIumlnatl Animal Coloring Book!" 🐴🦄🐸NOW AVAILABLE ON AMAZON - CLICK HERE: https://amzn.to/3SYgAkC🔑 Get MORE Access to the Secret Vid...
16 hours ago
Doc Vega commented on Doc Vega's blog post Memorial Weekend Getaway Horror Story
"Less Prone thanks for your support Buddy! "
yesterday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"cheeki kea, I really appreciate the reporting of Sky News. I think they've done a great…"
yesterday
Doc Vega posted a blog post

When

 Sad blue eyed poet rehearses his craftJust took a salvo in the compartment aftHis chances of…See More
yesterday
cheeki kea replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"You're damn right there Doc V. but we may never know exactly where all the funding came from…"
yesterday
cheeki kea commented on tjdavis's photo
Thumbnail

Me-Again

"Oh Look a new version of Megan, can't say the old version looked to flash either. Seems like…"
yesterday
Doc Vega replied to cheeki kea's discussion Would-Be Trump Assassin Ryan Routh Gave Many Interviews with Mainstream Media
"This asshole had an incredible number of overseas connections and incoming money from unnamed…"
Wednesday
rlionhearted_3 posted photos
Wednesday
cheeki kea replied to cheeki kea's discussion Tartaria
"It's been interesting reading the comments from the Hungarian Tartaria fans on social media…"
Tuesday
Burbia's blog post was featured

James Comey appears to call for the assassination of President Trump

I'm sure these are the kind of shells Comey is implying here. …See More
Tuesday
tjdavis's blog post was featured
Tuesday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted