It’s Official! – Budget Deficit passes 1 trillion with 3 months left to go!
Hope & Change Baby!
Well, it’s official… The budget deficit has now passed 1 trillion for the budget year, and there is still 3 months left to go! But never fear, the budget deficit will actually probably reach 2 trillion come this fall! This spells nothing more than disaster for our economy with rising interest rates, possible hyper-inflation, and a tanking US dollar. Never before in our history has such debt been precidented.
Make no mistake, President Bush was a major spender and was by no means a fiscal conservative. But President Obama (aka President ‘Spend A Lot’) makes President Bush look like small peanuts. He is spending like Paris Hilton, with no end in sight! Every day is a new government program, that they promise will save our economy, our world, or our health… yet every month there is just more and more debt being piled on our children.
With every new government program, this chart by the CBO should be revised. But this would take endless revisions because every day is a new multi-billion dollar government bill – meant to save us from disaster. In fact, it seems to me that the Democrats could care less about how these measures will be paid for – they just prefer generational theft and continue to push through every crackpot program!
One thing is for sure – getting out of this mess (if we every do) is sure going to hurt big!
Comments are closed.