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February 3, 2010

Obama spending America into Oblivion

Topics: Political News and commentaries

Despite Dear Leader's completely partisan and political response to Rep. Jeb Hensarling's (R - Texas) legitimate and completely accurate question at the Republican retreat last Friday, asking if the new budget, like his old budget, will triple the national debt and continue to take us down the path of increasing the cost of government to almost 25 percent of our economy," this year's Obama budget shockingly shows that his new budget increases spending, deficits, and debt even faster than last year's budget over the next 10 years.

On Monday, President Obama publicly submitted his new budget. That budget forthrightly answers Rep. Hensarling's question, even though President Obama would not in the light of a national TV broadcast. President Obama's own budget confesses that it would more than triple the national debt from $5.8 trillion at the end of 2008 to $18.6 trillion by 2020.

Indeed, it would almost double the national debt in just four years from 2008, to $11.5 trillion in 2012. The budget also confesses that under President Obama's first three years, 2009-2011, the federal government will borrow over $4.2 trillion. As the Wall Street Journal reported last week, "That is more than the entire accumulated national debt for the first 225 years of U.S. history."

Apparently, on Dear Leader's planet, asking a legitimate question about his plans to Spend America Into Oblivion is "an example of how it's very hard to have the kind of bipartisan work that we're going to do, because the whole question was structured as a talking point for running a campaign."

It seems that our very Progressive Dear Leader (by his own account), believes, as do most Progressives, that truth is relative (to what suits one's political agenda) - and to hell with facts to the contrary.

Posted by Richard at February 3, 2010 7:06 AM

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