Saturday, April 18, 2015

Prepare for an economic doomsday

Obama is setting us up for serious failure right when he leaves office...

The following is an excerpt from Townhall:

Federal deficits may have been falling since the end of the recent recession, but thanks to spending increases in major health care programs, including Obamacare, deficits are set to explode in 2017, according to a new report by the Congressional Budget Office.
Thanks to the recent recession and President Obama’s trillion dollar stimulus, the federal budget deficit reached an all time $1.4 trillion high in 2009. Then, as the economy slowly improved and Obama’s stimulus trickled to end, the deficit began to fall. According to the CBO, the deficit will continue to fall to $467 billion in 2016.
Immediately after Obama leaves office, however, deficits are expected to rise steadily thanks mostly to growth in mandatory health care spending programs like Obamacare. By 2025 the CBO estimates that our nation’s federal deficits will again top $1 trillion a year. For comparison’s sake the highest deficit ever under President Bush was $458 billion.
Obama is an unaccomplished community organizer who never had a real job.  He has had no economic, military, or management training or experience of any kind and he is now trying to micromanage the entire country.

We elected the most incompetent man the White House has ever seen. Not once, but twice.   The LAST person on earth we need attempting to clean up his mess would be Hillary.

Truly a sad state of affairs.

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