Deficit spending as far as the eye can see
President Obama is proposing a budget of $3,730,000,000,000 for the next fiscal year. Of that enormous number, deficit spending that increases our national debt makes up over $1,000,000,000,000 of it. In the 2011 fiscal year, deficit spending is going to be a new record of $1,650,000,000,000 or approximately $5344 in deficit spending for every man, woman and child (based on the 2010 census numbers). That means that my family alone is on the hook for of $53,000 in deficit spending this year.
That is what President Obama proposes after the “shellacking” they got in November? That is what he interpreted the message from the people to be? We are supposed to be encouraged that trillions of dollars later we are “only” going to be spending in deficit $627,000,000,000 in 2017. That is the good news in all of this!
The Republican party needs to ride this day and night from now until 2012. They need to hammer President Obama on a daily basis about this and put forth a serious, adult candidate who will actually cut government spending in this country. A business as usual Republican who will talk a big game in the campaign and then keep spending like a drunken sailor in office is no help at all. Everything needs to be cut. EVERYTHING. Defense, “education”, agriculture and most especially entitlements. This needs to happen right now before it is too late.
In fact, I think it is already too late.