Obama's Record Deficit
“We expect consumers to live within their means and pay what they owe.” Who do you think said that? That’s pretty good advice for anyone.
The above is from Mr. Obama’s speech during his signing of the “Credit Card Holder’s Bill of Rights” on Friday, May 22, 2009. I couldn’t believe it when I heard it!! Again, Obama contemptuously addresses America, telling its citizens to only buy what they can afford and get out of debt. It would be very sound, logical advice if it was coming from anyone else but a hypocrite.
Are governments, especially the U.S. government, somehow exempt from living within their means and paying what they owe? No. Are trillion dollar annual budget deficits responsible? No. Is your budget, President Obama, within America’s means?? Absolutely not. Are we paying off the multi-trillion dollar debt??? No, we are just adding to it.
Listen to yourself, President Obama. Either follow your own advice or stop telling people to do something you are fully incapable of doing yourself.
Last 3 posts by Eric
- Social Security Finally Bankrupt? - February 4th, 2010
- Business Cliches - January 15th, 2010
- Conan O'Brien - January 12th, 2010
It blows my mind that the government cannot find a way to significantly reduce its expenditures…ever! Are there really that many NECESSARY programs? And let’s not forget the unfunded promised made for tomorrow.
Government programs are like shopping cart covers and all the other “safety paraphernalia” that target moms-of-today to keep their kids safe and germ free… We all survived without all this extra crap. Our parents survived without the government funding many of the gov’t programs in place today.
As for explanations of gov’t costs - let’s look at the unemployment rate: Private sector = over 9.5%, public sector (incl gov’t) = 2.8% (WSJ). Looks like the gov’t has GM and Chrysler as their business models…