CHESSNOID

THis was a good article in that Obama’s words of hope are betrayed by Obama’s record spending which is creating a federal deficit that humbles even Bush’s spending.  Before Obama was elected he recognized the problems that the deficit was causing and even gave the correct response to solve it.  It’s the same stuff Congressman Ron Paul has been preaching.  The question is why is Obama sabotaging his own plans.

Washington TImes:

Mr. Obama’s rhetoric has been consistent as president and as a candidate. On the campaign trail, he said that if elected, he intended to shrink government and cut deficits. During the last presidential debate on Oct. 15, he criticized the Bush administration, saying, “We are now looking at a deficit of well over half a trillion dollars.” Mr. Obama said cutting the deficit was the solution to the nation’s financial woes.

Candidate Obama also said that it would be necessary to cut federal spending. “But there is no doubt that we’ve been living beyond our means, and we’re going to have to make some adjustments,” he said in that third debate. “Now, what I’ve done throughout this campaign is to propose a net spending cut.”

Fast-forward six months. President Obama got a $787 billion stimulus package passed. Now the federal deficit has grown to more than $1.8 trillion – and that’s just the beginning. Mr. Obama’s proposed budgets are predicted to produce a total deficit of $9.3 trillion from 2010 to 2019. Even by his own estimates, his health care reforms easily could add $634 billion to this total.

Who will bailout the Federal government from the Obama-Bush Depression?