If you will recall, the obAMATEUR promised in 2009 that he would “cut the deficit we inherited by half by the end of my first term in office.”
How has he lived up to that promise?
Not only has he broken that promise, but he has crushed it. For the first three years of the obAMATEUR’s presidency, he increased our deficit by over $1 trillion every year: $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011. The CBO has recently crunched some numbers and it looks like the obAMATEUR is on track to have another banner year of $1 trillion+ deficits. The CBO predicts that the deficit will rise $1.08 trillion in 2012.
To put all of this into perspective, the largest deficit that our country had ever run before 2008 was $458 billion (and the liberal looters and their obedient drones whined about “saddling our children and grand-children with debt” and obAMATEUR called this “UNPATRIOTIC!”). Thus, even though obAMATEUR’s deficit for 2012 is projected to be the lowest of his administration, don’t be fooled. It will be, by far, the largest deficit ever recorded between 1947 and 2008.
What’s the result of this big-government spending? The CBO estimates that the jobless rate will rise to 8.9% by the end of 2012 and to 9.3% in 2013.
Now the leftist mindless drones will, of course, chime in with “it’s Bush’s fault” and the “he inherited the economy” dumbed down talking points. But this pResident raised baseline budgeting by almost 25% in his first two years. This increase had nothing to do with the stimulus, the “venture capitalist” failed spending or his other schemes like “cash for clunkers”, etc. etc. The baseline spending increases had nothing to do with Bush or the “economy he inherited”. He is a tax and spend liberal! – plain and simple. Now before you drones get your panties in a wad about the tax part of the previous statement. This pResident has increased taxes on every income group in this country (alcohol and tobacco taxes, taxes to finance his health-care plan, etc. etc.). Plus, the CBO says taxes are going to go up as a result of this pResident’s policies. And he is a “spend-thrift” liberal, he has outspent and accumulated more debt than all Presidents from Washington thru Clinton COMBINED.
By his own words, the obAMATEUR is the most UNPATRIOTIC pResident in history!!!