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1 TRILLION DOLLAR Budget Deficit: Obama wants to spend our way out of recession
WebToday ^ | 8-1-10 | WebToday

Posted on 8/1/2010, 11:35:00 AM by geraldmcg

We know the Obama administration’s plan was to spend our way out of the recession with money we did not yet have. The question is…just how much of that non-existent money has been squandered so far this year? The answer might amaze you. Figures just released by the Treasury Department indicate the federal government has built up a one trillion dollar budget deficit so far this fiscal year…with another three months to go.

The stunning debt totals could have been even higher if moderate Democrats and Republicans had not blocked the creation of certain federal jobs, long-term unemployment extensions, and funds to cash-strapped states. Obama’s big spending ways were strongly rebuked at a meeting of the G-20 in Canada, where world leaders instead expressed an interest in cutting government deficits, worldwide.


TOPICS:
KEYWORDS: deficit; economy; obama; recession
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1 posted on 8/1/2010, 11:35:06 AM by geraldmcg
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To: geraldmcg

So if I spend money faster I will get out of debt? This is great, come on honey we are off to the mall!


2 posted on 8/1/2010, 11:37:28 AM by fuzzybutt (Democrat Lawyers are the root of all evil.)
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To: geraldmcg

Good thing he’s not flying an airplane. He thinks down is up and up is down. Brainwashed by Alinsky.


3 posted on 8/1/2010, 11:41:39 AM by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: geraldmcg

Yes, redistribute the wealth as fast as you can. Get the money being horded by the rich, into the hands of the poor so that it will be spent; Which in turn will “stimulate” the economy.

You see? Government does know best after all and MaObama is proving it every day..........


4 posted on 8/1/2010, 11:47:53 AM by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: PSYCHO-FREEP
...Yes, redistribute the wealth as fast as you can. Get the money being horded by the rich, into the hands of the poor so that it will be spent; Which in turn will “stimulate” the economy. You see? Government does know best after all and MaObama is proving it every day..........

WAKE UP AMERICA!


UncleSam-OBAMA-You Pay-1sm
Obama as Uncle Sam - I Want You To Pay My Bills


5 posted on 8/1/2010, 11:52:00 AM by BobP (The piss-stream media - Never to be watched again in my house)
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To: fuzzybutt
So if I spend money faster I will get out of debt? This is great, come on honey we are off to the mall!

You can if you use unborn decedents credit cards,,

6 posted on 8/1/2010, 11:56:15 AM by central_va (I won't be reconstructed, and I do not give a damn.)
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To: geraldmcg

The undocumented One busy planning America's extermination.

7 posted on 8/1/2010, 12:03:01 PM by Diogenesis (Article IV - Section 4 - The United States shall protect each of them against Invasion)
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To: geraldmcg
Obama wants to spend our way out of recession

Well, no. He wants to bankrupt the nation. How much more evidence is needed before it finally sinks in?
8 posted on 8/1/2010, 12:03:17 PM by SpaceBar
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To: RoadTest
Brainwashed by Frank Marshall Davis

Who had a 601 page FBI file for a very good reason

who was Obama's mentor but whose name was disguised in the book that he "wrote"

Who was a member of the Communist Party USA

with whom he drank whiskey out of an old jam jar, and did drugs together

FMD, who wrote a pornographic novel whose subtitle is so filthy it can't be repeated here.

---------

Obama Espoused Radical Views in College [advocated revolution]


Dr. John Drew PhD : --- who knew him very well as a gay passionate Marxist.

http://www.breitbart.tv/the-b-cast-interview-was-obama-a-committed-marxist-in-college/

Dr. John C. Drew, a grant writing consultant in Laguna Niguel, Calif., tells Newsmax he met Obama in 1980 when Obama was a sophomore at Occidental College in Los Angeles. Drew had just graduated from Occidental and was attending graduate school at Cornell University.

During Christmas break, Drew says he was at Grauman-Boss’ home in Palo Alto when Obama came over with Mohammed Hasan Chandoo, his roommate from Pakistan.

“Barack [Obama] and Hasan showed up at the house in a BMW, and then we went to a restaurant together,” Drew says. “We had a nice meal, and then we came back to the house and smoked cigarettes and drank and argued politics.”

For the next several hours, they discussed Marxism.

“He [Obama] was arguing a straightforward Marxist-Leninist class-struggle point of view, which anticipated that there would be a revolution of the working class, led by revolutionaries, who would overthrow the capitalist system and institute a new socialist government that would redistribute the wealth,” says Drew, who says he himself was then a Marxist.

“The idea was basically that wealthy people were exploiting others,” Drew says. “That this was the secret of their wealth, that they weren’t paying others enough for their work, and they were using and taking advantage of other people. He was convinced that a revolution would take place, and it would be a good thing.”

Drew concluded that Obama thought of himself as “part of an intelligent, radical vanguard that was leading the way towards this revolution and towards this new society.” ..."

Referring to Obama’s quote from “Dreams of My Father” that he associated with Marxist professors, Drew says, “What he’s not saying is that he was in 100 percent total agreement with those Marxist professors.

When you understand that, Obama’s later associations and policies make more sense, including why he was taken in by Rev. Wright’s ideology.”

Wake up people !!!!!!!!!!!!!!!!!

9 posted on 8/1/2010, 12:04:53 PM by DontTreadOnMe2009 (So stop treading on me already!)
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To: geraldmcg
Lemmmmme see:

No Christmas celebrations

No birthday presents for kids

no church

G -Damn America

Hmmmmmmmm

wonder what all that could mean???

-----------

10 posted on 8/1/2010, 12:05:42 PM by DontTreadOnMe2009 (So stop treading on me already!)
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To: geraldmcg

My youngest daughter used this very same approach to debt.
Using one credit card to pay off another.
Didn’t work for her and it certainly won’t work for our nation.


11 posted on 8/1/2010, 12:06:37 PM by BuffaloJack (Obama, the Criminal, is BAD for AMERICA.)
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To: geraldmcg

Obama also think the more money you put in a slot machine the faster you win,the IDIOT is dangerous.


12 posted on 8/1/2010, 12:06:42 PM by Vaduz
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To: geraldmcg

IS THIS OLD NEWS?


13 posted on 8/1/2010, 12:16:46 PM by dalebert
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To: DontTreadOnMe2009

All of this shows every time he opens his mouth. WHY DID PEOPLE VOTE FOR HIM???????????


14 posted on 8/1/2010, 12:16:50 PM by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: RoadTest

They wanted pot legalized?


15 posted on 8/1/2010, 12:24:10 PM by aeonspromise
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To: Diogenesis
A Noriega shirt... mommy jeans and birkenstocks... the guy is a fag... and look at the face of the two SS agents looking at him... they know it too.

LLS

16 posted on 8/1/2010, 12:26:25 PM by LibLieSlayer (WOLVERINES!)
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To: geraldmcg

I wonder just how much would have been spent IF we were NOT in a recession? I suspect the public debt would have been the same or more...

The point here is that Keynesian Economics and the presence of a recession are just being used as a convenient excuse for achieving their Marxist goals. “Never let a crisis go to waste”.


17 posted on 8/1/2010, 12:37:20 PM by coldoc
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To: RoadTest

I personally can’t stand listening to him talk:


FReepers: time to have some fun and keep a few YouTube videos of Fearless Leader so that you can forward some to your friends:

A few amusing samples from the “most intelligent” Chicago Thug in Washington DC:


“This week there was a terrible tragedy in Kansas, 10,000 people died in a tornado, an entire town destroyed.”

http://www.youtube.com/watch?v=tjO8Qc5s1fY

or


Barack Obama thinks Austrian is a language

http://www.youtube.com/watch?v=AAmaGgBrDAs


Barack Obama “Uh” Count from CBS
http://www.youtube.com/watch?v=ThEAO0lt4Dw&feature=related

Barack Hussein Obama refuses to salute US flag
http://www.youtube.com/watch?v=hU9iCANi02o


Obama orders Georgetown University to cover all Christian Symbols before he speaks:

http://atlasshrugs2000.typepad.com/atlas_shrugs/2009/04/obamas-bans-jesus-at-georgetown-university.html

http://www.youtube.com/watch?v=ujwH6BXfP8E&feature=related

http://www.youtube.com/watch?v=oXqjQnV77IM

http://www.youtube.com/watch?v=crbdXcdcUmk&feature=related



18 posted on 8/1/2010, 12:43:11 PM by DontTreadOnMe2009 (So stop treading on me already!)
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To: geraldmcg

Obama needs to be impeached, tried for treason and brought to justice.


19 posted on 8/1/2010, 12:53:55 PM by thethirddegree
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To: geraldmcg

How ironic: A recession during the “Summer of Recovery”.


20 posted on 8/1/2010, 1:01:25 PM by SERKIT ("Blazing Saddles" explains it all.....)
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