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Old 04-29-2009, 07:02 PM   #1
Fegasderty

Join Date
Mar 2008
Posts
5,023
Senior Member
Default Obama to Set $17 Trillion Deficit by 2014
Well, here we have it, ladies and gentlemen, the crown jewel achievement of the Obama administration.

With not the slightest idea as to how America will repay it, the Democrat-led congress is committed to passing Obama's budget, which will plunge our country into a staggering and potentially devastating $17 Trillion Deficit by 2014.

$17 Trillion!!! That's the end of prosperity in America as we know it. There is no way any of us will get away without being affected by this kind of national debt.If you ever dreamt about being able to retire with dignity one day, forget about. If you ever dreamt about your children being able to live a better lifestyle then previous generations, forget it.

In the short-term, the money which Obama will steal from hard-working Americans will flow. Maybe the economy will be temporarily boosted, but within a few years the price for this insanity will have to be paid.

And, again, the radical socialist president of the US knows that most people in this country are apparently too stupid to demand a plan to repay the debt now being undertaken by Obama. So that's the level that this country has sunk to under the Obama regime: $17 trillion in borrowed money without even an explanation.

From news article:
WASHINGTON -- Acting with unusual speed, the House on Wednesday adopted a $3.4 trillion budget outline that endorses much of President Barack Obama's ambitious agenda while permitting the national debt to continue to spiral higher.

While a welcome victory for Democrats, the 233-193 House vote approving the House-Senate compromise budget is only a first, relatively easy step toward Obama's goal of providing health care coverage for all Americans. Next would come arduous negotiations among lawmakers, the Obama administration and a vast array of interest groups.

Not a single Republican voted for the measure; 17 Democrats, mostly from GOP-leaning districts, voted against it.

The Senate will vote on the measure Wednesday afternoon.

With the economy in recession and the bailout of the financial sector costing hundreds of billions of dollars, deficits would rocket to $1.7 trillion for the ongoing budget year, dipping to a still-astonishing $1.2 trillion in 2010. The national debt would rise from today's $11.2 trillion level to $17 trillion at the end of 2014.

"The same Democrats who were outraged over a $455 billion deficit last year came to us this year with a budget that would lead to trillion dollar deficits," said Senate GOP Leader Mitch McConnell of Kentucky.

http://www.foxnews.com/politics/2009...obamas-agenda/
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