The Progressive regime of Barack Hussein Obama is on track to have a deficit of 1.5 trillion. In his first 2 years he has added 3 Trillion to our debt. Obama has not proposed any way out of this fiscal mess we are in. He is gathering a deficit reduction committee than will in all likely-hood recommend a VAT. Make no mistake about it, Obama used the economic crisis as a pretext for massive spending. He knows full well tax rates need to be raised to cover this new spending and that has been the plan all along.
(Picture Hat Tip: The People’s Cube)
We are going to pile up another $3 trillion in national debt in just the first two years of the Obama administration. If the annual deficit should sink below $1.5 trillion, it will be called fiscal sobriety.
Why, when we owe $12 trillion, would the Obama administration set out budgets that will ensure our collective debt climbs to $20 trillion? Why are we borrowing more money, when Medicare, Social Security, the Postal Service, Amtrak, etc. are all insolvent as it is?
What is the logic behind something so clearly unhinged?
Read the rest: How Could We Be So Stupid? Let Us Count the Ways
Victor David Hanson as a historian knows something is not right here. It’s insane to spend at the levels Obama is, economic crisis or not. What caused the crisis was Americans over leveraged on debt. Why go into more debt as a nation? It’s all a pretext to expand governmnet and make people dependent on it. It’s a plan to create a Totalitarian Progressive Neo-Feudal system.
(Hat Tip: Pajamas Media)
Tags: Debt, Neo-Feudalism, Victor Davis Hanson
