Monday, February 23, 2009

Obama and the Democrats Have Mortgaged Our Children's Future

From a Washington Post article dated Saturday, February 21, 2009:

First as a senator and then as president, Obama has presided over the fastest, largest outlay of federal money since World War II. Over the past 12 months, the government has pumped more than $2 trillion into initiatives to ease the nation's financial and economic crisis, driving the federal deficit to historic proportions.

Coupled with slowing tax collections because of the recession, the spending spree is pushing the budget deficit toward $1.4 trillion this year, or nearly 10 percent of the nation's overall economy. Absent dramatic action or an economic miracle, trillion-dollar deficits are projected to persist throughout the coming decade, by some estimates, and the bills are forecast to run headlong into the skyrocketing costs of caring for the retiring baby boom generation.


Need anything more be said about this "stimulus" boondoggle?

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