March 20, 2009 | “President Barack Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday,” reports the Associated Press. “The new Congressional Budget Office figures offered a far more dire outlook for Obama’s budget than the new administration predicted just last month — a deficit $2.3 trillion worse. It’s a prospect even the president’s own budget director called unsustainable.”
Certainly unsustainable for the chattel, debt slaves on the hook to the international bankers who will clean up big time on this obvious (or should be obvious) scam.
“In his White House run, Obama assailed the economic policies of his predecessor, but the eye-popping deficit numbers threaten to swamp his ambitious agenda of overhauling health care, exploring new energy sources and enacting scores of domestic programs.”
It’s disgusting the corporate media keeps feeding us this line of bullshit and we keep supping it up — all this blame heaped on Obama’s addled predecessor, who had a difficult time eating pretzels and riding bicycles without accident. It is a manufactured given that we need health care, new energy sources (in response to an equally manufactured climate change crisis) and domestic programs that government has no business creating.
In 1945, Harry Truman said we needed a new health care system. Did we get one? Of course not. Give ’em Hell Harry gave us the National Security State instead.
George Bush’s task was to double the national debt and now it is Obama’s turn to quadruple it.
“In 1910 the U. S. Federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent,” writes Pastor Sheldon Emry. “By 1920, after only six years of Federal Reserve shenanigans, the Federal debt had jumped to $24 billion, or $228 per person. In 1960 the Federal debt reached $284 billion, or $1,575 per citizen and state and local debts were mushrooming. In 1998 the Federal debt passed $5.5 trillion, or $20,403.90 per man, woman and child and is growing exponentially.”
Now the national debt is more than a $11 trillion.
It’s interesting if nauseating to watch the liberal side of the contrived right-left paradigm rant and rave about the Bush dictatorship. Bush merely set the stage for Obama who has himself a mighty rolling tool chest of extrajudicial repression just in case he needs it.
He’s going to need it when people begin going in the streets to protest against engineered inflation and the punitive taxation coming down the pike.