Barack Obama says, “In the long run we can’t continue to spend as if deficits don’t have consequences, as if waste doesn’t matter, as if the hard earned tax dollars of the American people can be treated like monopoly money, that we’ve seen time and time again, Washington has become more concerned about the next election than the next generation.” Video here Via Real Clear Politics
Obama doesn’t mean it—last week Obama signed into law a $1.1 Trillion Dollar Spending bill containing over 5,000 earmarks and just today Obama praised Democrat-Socialists in the Senate for overcoming the health care filibuster efforts which is expected to cost the taxpayers at least $1.8 Trillion Dollars during the first 10 years.
Last month I wrote here that Obama Quadruples Federal Budget Deficit which is on an unsustainable path because the federal debt will continue to grow much faster than the economy over the long run.