Obama’s Answer to Our Debt: Keep Spending!
No doubt, the Obama administration will criticize Paul Ryan’s budget, but does America think we are on the right track now? Too bad the Republicans caved, too, after getting elected in 2010. Do we have the courgage to stop the madness for the sake of this country’s future? No wonder the U.S. Senate keeps stonewalling the budget and hasn’t passed one under Obama’s tenure.
When Democrats rob from Peter to pay Paul, they can always count on the support of Paul.
Based on recent estimates: U.S. Tax revenue: $2,170,000,000,000 Fed budget: $3,820,000,000,000 New debt: $1,650,000,000,000 Nation debt: $14,271,000,000,000 Recent budget cuts: $38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget: Annual family income: $21,700 Money the family spent: $38,200 New debt on the credit card: $16,500 Outstanding balance on the credit card: $142,710 Total budget cuts so far: $38.50