The Obama Administration has proposed at whopping $3.8 trillion budget. If the population of the U.S. is 304 million people, that's $12,500 per person in the country. For a family of four that's $50,000.
And Obama is proposing a trillion dollars in new taxes over the next ten years. Despite that, deficit spending and the national debt are reaching new levels: $1.56 trillion this year alone! That's 41% of the budget. That's $5,100 per person.
Of course, all this has to go through the sausage grinder that is Congress, first. Knowing them they'll increase spending and maybe taxes.
I'm just lost for words. This President wants to spend us into the third world. Look for inflation and maybe hyper inflation to come soon. Meanwhile, China will hold more and more of our debt. What ever happened to the left's worry about deficit spending that was so prevalent during the Bush years?
We have to get Republicans into Congress this year to stop this madness. And we need to get someone in the White House who doesn't believe Keynesian economics. Or this country will never be the same.
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