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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