21 Jan

Congratulations to Obama on Another 4 Years to Cement the Utter Destruction of My Children’s Future

Patterico @ Patterico’s Pontifications:

Today, we (re)inaugurate a liar.

What stunned House Speaker John Boehner more than anything else during his prolonged closed-door budget negotiations with Barack Obama was this revelation: “At one point several weeks ago,” Mr. Boehner says, “the president said to me, ‘We don’t have a spending problem.’ “

There is no possible way Barack Obama is that stupid.

He knows spending as a percentage of GDP has exploded under his presidency.

Source

He knows that whether the top tax rate is 90% as it was in 1960, or 30-40% as it’s been since 1990, federal revenue is always 15-20% of GDP:

Source

We don’t have a spending problem? That’s precisely what we have and Barack Obama knows it.

And he doesn’t care.

When this guy was first elected, I knew he was going to enact disastrous policies. But the reality, while it has been less disastrous in many ways than I imagined, has been far worse on the economic front than I could have dreamed possible.

I worried that he would destroy the balance of the Supreme Court. So far, he hasn’t been able to. I worried that he would close Guantanamo, try people like Khalid Sheikh Mohammed in federal court, and generally close down the war on terror. He tried some of that, but on balance, he’s been OK fighting terror.

But on the debt and deficit, he has been an unparalleled disaster.

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About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years.

2 Responses to Congratulations to Obama on Another 4 Years to Cement the Utter Destruction of My Children’s Future

  1. Old Guy says: 1

    The reality is Obama does not give a damn about the USA. He has his agenda and will lie, cheat, steal to get there. I truly hope the GOP grows some balls and fights him the next 4 years. Don’t they still have to approve expenses in the House? I am on SS and maybe shutting down the gov’t is not the worst thing. Our country deserves better than BHO.

    ReplyReply
  2. GaffaUK says: 2

    Indeed, it is perfectly reasonable to argue that much of the responsibility for 2009’s 25.2 percent rests with President Bush, and not with President Obama; in January 2009, before President Obama took office, the CBO released its forecast that fiscal year 2009 would see outlays of 24.9 percent of GDP based on pre-Obama policies.

    http://www.forbes.com/sites/realspin/2012/09/03/yep-obamas-a-big-spender-just-like-his-predecessors/

    ReplyReply

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