Obama does not care about spending cuts. Ever increasing spending is leverage for ever increasing taxes. Obama’s ideology is in line with Lenin “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin.

Former Fed chairman Alan Greenspan exposed the Marxist ideology of the Democrats when he said: “Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.” – Alan Greenspan

Senator Dirksen of Obama’s home state of Illinois warned of Democrats spending habits and its harmful effects in 1964:
“prone to spend money .. when it’s rather doubtful whether or not it is good for the country and for the interests of the people. Because you pile up your national debt. You pile up the interest.  You pile up these staggering deficits that we have at the present time. And that spends itself in terms of higher interest rates, higher prices in the stores where people shop. And so the evil effects always fall upon the people back home.”

National debt per citizen has grown from about $34,083 per person to $51,529 since Obama took office, an increase of $17,446 per person.  Jan. 20, 2009, according to the U.S. Treasury, the total debt of the federal government was $10,626,877,048,913.08. October 25, 2012 the debt had climbed to $16,197,082,554,040.04, an increase of  52%, $5,570,205,505,127, in less than four years. The debt is now increasing at over $4 BILLION dollars a DAY!

“Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack Obama

The Congressional Budget Office estimates that if Obama remains in office, the national debt by the time he leaves in 2017 will be about $18.4 trillion. Population will rise about 9 million over the same period. The debt per person will be about $57,000 at the end of an Obama second term, a 67% increase in just eight years.

In 2008 Obama had this to say about the debt:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack Obama when the debt was “only” about $10 trillion.

Obama promised to cut the deficit in half but what are the results? Record deficits exceeding a trillion dollars every year he has been in office. What have the Democrats offered? The Democrat controlled senate has not even passed a budget in four years. Is this any way to run a country? Maybe the way to run it into the ground.

 

Also please see:

Has Obama Already Bankrupted America?

 

 

 

Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

Interested In Further Reading? Click Here