Saturday, December 19, 2009
Barack Obama - "...Will Bankrupt America"
Long gone is "Pay As You Go". Long gone is a "Balanced Budget".
Our city, state, and national elected officials only know "spend, spend, spend".
It's not working, so it's time to elect DIFFERENT officials, and, unfortunately, we will have to be patient and give them time to FIX the mess they will inherit...
Our city, state, and national elected officials only know "spend, spend, spend".
It's not working, so it's time to elect DIFFERENT officials, and, unfortunately, we will have to be patient and give them time to FIX the mess they will inherit...
Terry Jeffrey writes about the ugly numbers at Townhall.com:
"In March, the Peter G. Peterson Foundation, led by former U.S. Comptroller General David Walker, calculated the total value of the federal government's 'unfunded liabilities' as they stood at the end of fiscal 2008. These liabilities include the publicly held portion of the national debt plus the amount the government must pay to cover all the entitlement benefits it has promised to living Americans through Social Security, Medicare and other welfare-state programs minus the tax revenue the government can expect to collect to pay for these entitlements under existing tax law.
The sum of these unfunded liabilities, the foundation discovered, stood at $56.4 trillion. That equals $435,000 for every full-time worker in the United States.
How did Obama respond to this problem? "
