Obama spending $8 for every $1 we take in!!!!!

iVillage Member
Registered: 02-05-2011
Obama spending $8 for every $1 we take in!!!!!
4
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

iVillage Member
Registered: 11-04-2010
Mon, 04-04-2011 - 7:47pm
Do you have something about this from a reputable source? Thanks.
iVillage Member
Registered: 08-30-2002
Tue, 04-05-2011 - 11:56am

I agree. This thing is so full of holes that I wouldn't know where to start.

This is a blatant lie:

"A lot of us sitting in this room didn't see this last crisis as it came upon us."

I've posted articles in the past in regard to what the previous admin saw coming. It didn't matter if Bush was a deer in the headlights, his administration and policy makers DID! and acted like babies with bowls of Cheerios with OPM. Now the chickens have come home to roost.



iVillage Member
Registered: 11-04-2010
Tue, 04-05-2011 - 1:06pm
I won't read anything from CNS since I discovered blatant lies that they never bothered to fix in one of their articles, even after the lies were discovered and pointed out to them. That's not news, that's propaganda. I'm more than willing to read something from a more reputable source.
iVillage Member
Registered: 04-07-2002
Tue, 04-05-2011 - 3:08pm

ITA!

 nwtreehugger