Obama's Budget: 'Interest Payments Will Exceed Defense Budget' in 2019
Balladeer-PWCM-POTL
2012/04/06 04:02:36
AND the 'good news' keeps rolling in. Seems the Great Community Organizer will leave a LONG 'legacy'. The worst hangover this nation will ever have, and all the result of The Great Community Organizer-In-Chief. Folks whether you are a household, a business, or a nation; when debt payments exceed a certain level...it means BIG problems..and I mean BIG problems.
this blog is really a typing exercise. The Obama bootlickers will simply say "it's Bush's fault'..those with FUNCTIONING brains know the TRUTH
anyway here is the link to the article...
http://www.weeklystandard.com/blogs/obamas-budget-interest-pa...
here's the graph..and to paraphrase the sheriff from the old Dodge Commercials..
we ARE 'in a heap of trouble'

this blog is really a typing exercise. The Obama bootlickers will simply say "it's Bush's fault'..those with FUNCTIONING brains know the TRUTH
anyway here is the link to the article...
http://www.weeklystandard.com/blogs/obamas-budget-interest-pa...
here's the graph..and to paraphrase the sheriff from the old Dodge Commercials..
we ARE 'in a heap of trouble'

Read More: http://www.weeklystandard.com/blogs/obamas-budget-...
Top Opinion
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Annie~Pro American~Pro Israel 2012/04/06 05:14:22Obama has crippled this nation; the NIGHTMARE has to end..one way or another+6How anyone can vote for Obama at this point is beyond me. Wish I could show you a FB conversation I just had from one of my regressive Wisconsin buddies. Her comments were just pathetic and unAmerican.





















Thing is my friend, your preaching to the choir. The "Olickers" don't have a functioning brain, so there lies the rub.
Without the use of time travel, I can see into the future when this happens. The media will of course blame Bush for all the woes. The Obama contribution will be overlooked.
But I will never forget, back to the way history was once told....an oral history
Edit: delete duplicate word.
the tax cuts were supposed to (and did) increase tax revenues substantially, after a slow start.
what nobody anticipated was going over a cliff when the real estate bubble burst.
Bush added $4T to the national debt over 96 months. awful. terrible. whatever adjective you'd want to use.
under Obama, we've run 1.2 TRILLION in annual deficits (plus or minus) and look to run another similar deficit this year. Obama will have added $5.5 Trillion in deficit spending in 48 months. i can't think of any adjective to describe that performance.
Obama hasn't fixed anything. we aren't fundamentally any better off than we were in 2007. we're gutshot and instead of doing surgery to fix the wound, he's transfusing trillions of dollars of deficit cash while Bernanke offers up this insanely easy money policy.
unemployment is arguably no better now than when he promised us that TARP would never let unemployment get above 8%. after all that money, we're fighting to get it DOWN to 8%.
DJ.... he's a failure. let him go.
;-)
seriously. he and Chris Dodd weren't the exact culprits, but they served as the nexus for this disaster...
kind of like the guy that made rivets for the Titanic. he wasn't there when the ice hit the steel, but what he did sealed all the passengers fate.