After his unfortunate re-election, the president has continued his failed and dictatorial policies of the past.
As we approach $17 trillion in debt, the Congressional Budget Office is projecting a $23 trillion debt by 2023. Today we pay $200 billion in interest annually, and the Government Accountability Office projects that figure to hit $1 trillion by 2020.
In 2006, Sen. Barack Obama called the rising debt a "hidden domestic enemy." He further called the 2006 debt limit debate "a sign of failed leadership."
According to the GAO, "absence of policy changes the government faces and unsustainable fiscal path; if the government does not stop the wild spending, the U.S. dollar will collapse."
The president has forwarded four irresponsible budgets to Congress, and his own party has rejected them.
The president has used typical Chicago bullying, fear-mongering and misrepresentation to make those who oppose him look bad. Is bankruptcy acceptable and in our future?
- K.J. Gross, Munster