Obama spending $8 for every $1 we take in!!!!!
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|Mon, 04-04-2011 - 6:55pm|
Ding ding ding, this is a record. The Obama administration is now spending $8 for every $1 it is taking in. This means if you make $50,000 a year, you are spending $400,000 a year. That is one heck of a lifestyle Obama has given us. The missing 70% is borrowed from the FED as newly invented money (sometimes called QE other times called inflation).
Either way, it's impressive. Spending 8 times your income is a sure ticket to the poor house, but Democrats tell us there isn't a single penny to cut anywhere. Mean Republicans wanting to cut us down to only spending 7.99 times our income, don't they know millions will die if that were to happen (see - http://www.humanevents.com/article.php?id=42657