Obama’s Spending Spree Must Stop!

Have you ever wished you could have it all even though your budget says you can’t?

Well, that’s the predicament our President Obama finds himself in, campaigning for America’s support for his $3.6 trillion budget. Mr. Obama wants to check the box on his wish list of implementing nationalized health care, overhauling education, reducing our dependence on oil while also paying for vast environmental initiatives, all the while demanding, presidentially, that the deficit must be cut.

After analyzing the president’s budget, the Congressional Budget Office reported startlingly dire numbers yesterday regarding Mr. Obama’s proposed annual budget for our country. If Mr. Obama’s budget is implemented, then America will run a nearly $1 trillion deficit per year for 10 years, totaling $9.3 trillion in debt. Just in 2009, the CBO is projecting that under Mr. Obama’s budget proposal that the deficit will be about $1.8 trillion, or 13.1 percent of GDP. At a press briefing Friday, White House Budget Chief Peter Orszag acknowledged that if the CBO projections are correct in their 5% deficit to GDP, that it would “…ultimately not be sustainable.”    And Congressman Ron Paul questioned why when America already has a large deficit, Congress and the President want to spend $3.6 trillion in this year’s budget.

Now, I know if our credit card company knew we were going to have that kind of negative cash flow for 10 years (only a mere $1trillion deficit /year, come on!) , we wouldn’t be able to use our card anymore due to its cancellation!

Even Warren Buffett said in a CNBC interview on March 9 that Mr. Obama’s first, second and third job is to win the economic war.

What a nice way of saying that Mr. Obama needs to focus on the economy…. as Mr. Buffett said, winning the “economic war” should be his top three priorities. Where should Mr. Obama’s wish list of nationalized health care, education “investment” and environmental initiatives go? Straight to…. the bottom of his list. The economy must come first; isn’t that common sense, something everyday Americans understand?

Here’s the problem: When our nation is struggling through a prolonged recession, people are losing their jobs or forced to work less hours and take home less pay, or forced to work more hours on less pay. Americans as a whole are tightening their belts and budgets. On the other hand, our government in Washington, D.C. is doing the opposite. The majority of our congressional leaders and our president are trying to spend their way out of this recession. But so is the rest of the world, and the question is, who is going to buy/finance the trillions of dollars in debt that countries worldwide are proposing to spend? No one can say.

Wake up, leaders in Congress and Mr. President. We’re in a recession, and you can’t have it all. We don’t have the money!

Graphic Source: Wikimedia