Barack Hussein Obama—his proposed budget


3,800,000,000,000!

1,560,000,000,000!

Recognize the numbers? The proposed budget for the federal government for the 2011 fiscal year is 3 trillion, 800 billion dollars! The projected deficit for the budget for the federal government for the 2011 fiscal year is 1 trillion, 560 billion dollars! Last year’s deficit for the budget for the federal government for the 2009 fiscal year was 1 trillion, 420 billion dollars—the largest in the history of the nation in dollar terms! (Of course, since we are presently in the 2010 fiscal year, we don’t yet know what the deficit will be for this year. The 2010 budget deficit may be greater than the 2009 deficit.) That is until it is broken by the 2011 fiscal year budget! If it happens, the budget deficit from 2009 to the proposed 2011 budget deficit will be an increase of almost 10%! An almost 10% increase in the DEFICIT!

But wait! 41+% of every dollar spent in the proposed federal 2011 budget will be a borrowed dollar! Over 40% of the budget is based upon borrowed money! A balanced 2011 budget according to the proposal would spend 2,240,000,000,000 dollars. The interest on the proposed 1,560,000,000,000 dollar deficit for 2011 at 3% would be about 46.8 billion dollars! No wonder the federal government wants interest rates to be so low! But hey! It’s only money!

But wait! The President only proposes the federal budget. It is Congress which disposes of the federal budget—passes the laws necessary to determine the actual collection of income and spending expenses. So, all is not lost! Congress can lower the deficit!

But wait! The Congress is controlled by Democrats. Democrats don’t tend to lower spending. If anything, they increase spending. Therefore, it is quite possible that, by the end of the 2011 fiscal year, the deficit might actually be higher than the projected deficit.

But wait! President Barack Hussein Obama has said we must limit spending in later years. However, he has said the same before and it has not happened—look at the proposed 2011 budget.

But wait! President Barack Hussein Obama has said that his spending program has saved the United States economy from a major depression. How do we know that to be true? Barack Hussein Obama has said that it is true!

But wait! We aren’t quite saved yet and therefore we must have another massive spending program to save the United States economy from falling back into recession and to “create” jobs. So, if spending more than collected is so very good for the economy, why is he talking about limiting spending in future years?

But wait! As Congressman Joe Wilson so eloquently said in response to Barack Hussein Obama’s comments before Congress, “YOU LIE!” Can you wait for the 2012 Presidential election!