In one month, Obama Triples Debt he “inherited” from Bush
“There is another responsibility we have to our children… to ensure that we do not pass on to them a debt they cannot pay. With the deficit we inherited, the cost of the crisis we face, and the long-term challenges we must meet, it has never been more important to ensure that as our economy recovers, we do what it takes to bring this deficit down.” – Obama, 24 Feb 2009
Let’s look at that Bush budget deficit: it $162 billion in FY2007 or slightly more than 1 percent of GDP. This was less than the growth of GDP, so the burden of debt was in decline. Then Democrats took over in January 2007 and have nearly tripled the deficit. Since then they have increased it by at least another factor of 3, for the highest ever deficit since WWII (about 10 percent of GDP).
More numbers? Here:
When the Democrats regained control of Congress on January 4, 2007, the national debt was $8.67 trillion.
In the two years Pelosi and the Democrats have been in charge, the national debt has grown to $10.70 trillion. That means $2.03 trillion has been added to the national debt for an increase of 23% increase in two years the Democrats have controlled Congress.
Add to that the $1.3 trillion in spending the Dems added just this week! But then, February isn’t over yet…
Dems are in Charge of the Economy and We’re Scared Shitless
Even MSNBC crazy man Chris Matthews yesterday talked about something besides his Barack Obama man-crush the failing economy and actually seemed perturbed at the way Obama’s team is handling the crisis. Hell is freezing over!
Quoth Matthews on the crashing stock market: “I thought 8,000 was the floor, and it looks like 6,000 is the floor. People are angry, I’m getting angry.”
This the hope and change we’ve been waiting for? In just one month Obama has inflamed the US financial crisis with his policies of mind-blowing stupidity. Or malevolence, same thing.
Teleprompter jesus speaks on Tuesday night. Expect another 400 point drop in the markets on Wednesday.
Once Neutral Swiss Declare War on United States
Treasury Secretary Timothy Geithner is demanding that Switzerland end its centuries of bank privacy so Barack Obama’s administration can snoop through the bank records for shits and giggles to see if rich Americans are hiding money from the IRS there.
Tax Cheat Tim Geithner has no problemo not paying his own taxes, but now that he has the power of the US Treasury behind him, he’s all in for threatening and punishing any non-Democrat tax dodger. Let’s hope the Swiss tell him where to piss.
Reuters reported: “The right-wing Swiss People’s Party (SVP) called on Saturday for retaliation against the United States over a U.S. tax probe into the country’s biggest bank UBS that threatens prized banking secrecy…Switzerland should also reconsider its policy of representing the United States in countries where it has no diplomatic presence, the parliamentary SVP said in a statement.”
How bad is Geithner? Even Obama head cheerleader Chris “My leg is tingling” Matthews on MSNBC observed of the head of the United States Treasury, “He seems like Barney Fife to me.”
Pope to Pelosi: Abortion is a Sin and You’re an Ass
Okay, Pope Benedict XVI didn’t exactly call Democrat Donkey Mascot and Speaker of the House Nancy Pelosi an Ass – but he must have been thinking something along those lines in a manifestly spiritual light. He gave her a nuanced rebuke of her skewed Catholic “beliefs.” I wish he would have just slapped her.
She showed up at Vatican City – this woman who calls herself an “ardent, practicing Catholic” – and got her comeuppance from the pope. (Atta boy, your Holiness.) The “ardent, practicing Catholic” had told Tom Brokaw during “Meet the Press” last year about a theological defense (from Augustine no less) which gave her the a-okay to support for abortion rights. In the interview she said claimed that the Catholic Church itself wasn’t clear about the exact moment when life begins and guessed that it was around “three months” after conception. Brokaw didn’t even challenge her on that WTF moment.
Benedict XVI told her that Catholic politicians have a duty to protect life “at all stages of its development.”
Oh, Yes We Vati-Can!
Of course if Her Wickedness is ever ex-communicated from the Church for such views, and ends up standing in flaming excrement in the ninth circle of Hell to pay for her sins, I’ll likely be right next to her. When JP2 died and they were about to send up the white smoke and announce the name of the new pope, I told my friend Al, “Gosh, I hope it isn’t the German guy” and – Bob’s Your Uncle – my ticket is punched for my own wickedness. [/Catholic Guilt]
Forgive me. It’s not a subject to joke about because abortion is murder and the Church has always been clear on this and has always condemned abortion as a grave evil.
And one more thing: Who paid for this trip? Was it the American taxpayer financing that big government jet Her Wickedness insisted she must have?
The New Mascot of the Democrats
This says it all. [source: the patriot room]
