CBO: US DEFICIT TO DROP TO $514 B, LOWEST OF OBAMA'S YEARS IN OFFICE
The biggest most reckless spending head of state in world history, who lied through his pre-Superbowl interview with Bill O’Reilly denying that he wants to fundamentally transform America into a more perfect dependency state, will now be boasting that he’s lived up to his 2008 campaign pledge to cut the deficit in half. But the deficit then, which Obama blasted as irresponsible, was $480 billion the highest in our history-until he took office and doubled down on irresponsible spending giving us our first $trillion deficits and more massive debt.
Truth is the deficit is coming down in spite of Obama who insanely submitted budgets to Congress calling for $trillion deficits that were unanimously rejected. For the national transformation he envisions in his deranged utopian mind requires colossal deficits and deeper and deeper debt without end until social justice heaven is reached and America's perfected. Trillions to invest for his radical green energy agenda to save planet earth from the fate of water world; trillions to finally win the war on poverty and inequality by bringing America’s low income folks (the wealthiest poor in world history) into the middle-class by the massive redistribution of wealth in an ever widening welfare state of impoverishment, corruption, degradation and moral ruin. SPEND BABY SPEND until America’s busted and broke like bankrupt socialist spendthrift Greece and there’s violence and blood in the streets. That’s Obamunism.
While Obama congratulates himself on slashing the deficit (see), and is praised to the sky by Chris Matthews, HuffPo and MSM, he’s crying inside about the state of the recovery; that it’s the worst since The Great Depression because Congress won’t give him enough money to spend. Obama believes (backed by crackpot economists like Krugman, Bernstein and Reich) that economic growth is weak because the $860 billion mega-stimulus (the biggest in history) was undersized and too little was spent. When in fact Obama’s anti-business, class warfare, nanny state, tax and spend, chaotic healthcare policies are a lead blanket around the economy inhibiting growth and job creation. Consumers are under-spending, banks under-lending, businesses under-investing and hiring less because of Obama’s God awful, demoralizing, success-punishing economic leadership-from hell.
Obama who cast himself as the great anti-Reagan president is suffering through an anti-Reagan destiny of failure on all fronts foreign and domestic.
Under Ronald Reagan’s inspirational, morale boosting, patriotic leadership we had tax cutting, supply-side ”trickle down” free market economics to stimulate innovation, production and growth; and wealth trickled down as the economy robustly boomed creating 350,000 jobs per month and a renewal of the American spirit and dream. We came back from the little dark age of Jimmy Carter to number one again in world esteem defeating the Soviet Union, liberating millions and winning the Cold War.
But today the out of control Obama state has spent and printed trillions, and where has it got us? A weak, pathetic, TRICKLE GROWTH economy creating 175,000 jobs per month with a shrinking work participation force driving down the unemployment rate. And though bin Laden is dead al Qaida is alive and on the march growing in numbers and territorial strength as we daily lose ground in the Global War On Terror.
The vast majority of Americans fear we’re on the wrong course, that our country is in decline, that our best days are past with worse times ahead. And they are right. And what does our lying, failing, foolish president propose? “STAY THE COURSE,” he says, “and give me more money to spend.” And it’s all Fox’s fault.