Barack I-Will-Cut-The-Deficit-In-Half Obama, in his own words:
“We cannot and will not sustain deficits like these without end. Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences to the next budget, the next administration or the next generation. We are paying the price for these deficits right now. In 2008 alone we paid $250 billion in interest on our debt. That is more than three times what we spent on education that year, more than seven times what we spent on VA healthcare. So if we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes and our children and grandchildren are unable to pursue their dreams because they are saddled with our debts. That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office. This will not be easy - it will require us to make difficult decisions and face challenges we have long neglected but I refuse to leave our children with a debt they cannot repay. And that means taking responsibility right now in this administration, for getting our spending under control."
Obama’s “fix” for the deficit is to add to it. If you see a home in flames and the fire department races up and sprays gasoline on the fire to put it out, that is what Obama’s “fix” is. No one in their right mind would add fuel to the fire. Yet Obama, Bernanke, Geitner, the Democrat controlled U. S. Senate and their can’t-fix-it-enforcers are doing just that every time the Federal Reserve prints more money to buy U. S. Debt. Imagine, if you will, you owe someone 100 dollars. You pull a hundred dollar bill out of your right pocket and hand it to your debtor. Oh, that’s great, you think, the debt is paid. But to get that 100 dollars from your right pocket you printed it in your garage, stuck it into your left pocket, took it from your left pocket and transferred it to your right pocket, paid your debt, and promptly printed another 100 bill that was stuffed into your left pocket so you could transfer it to your right pocket when you owe another 100 dollars. Pretty soon the 100 dollars coming out of your right pocket is worthless because it is backed up by nothing but your garage printing press. That’s us, Folks.
People, we are doomed with this empty chair in the White House. The U. S. deficit is currently over 6 trillion dollars and rising. Thank you, Obama, for 5 trillion of it. How will you tell your kids the next 10 generations will never be able to pay off the debt that your generation allowed to happen? Or you can put a stop to the destruction of our economy and vote the Master Manipulator out of office on November 6. And then pray that the next occupant of the Chair has more brains than the current one does.