And Cite Himself As The Reason.

CBS Ranted About Bush's $415B Deficit

President Obama’s budget recommendations for FY2011 are absolute fiscal insanity.  Spending of $3.83T with a deficit of $1.56T? That is an eight lane highway to financial hell!  Plain and simple.  It doesn’t take a genius to figure out that stacking on trillions of dollars more in deficits is a sure fire way to bleed the national economy dry and beyond hope of resuscitation.  But apparently boy wonder (the “O”) is about 160 IQ points shy of genius and suffers from pecuniary ignorance.  Could it be that President Obama actuallly believes going another 1-1/2 Trillion (Trillion) in debt (in 2011 alone) is the answer to our economic malaise?  In May of 2009, Obama was saying the exact opposite.

May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Apparently, the basic laws of economics have changed since last May as Obama has ratcheted up the deficit spending.  Maybe now, deficit spending is good for our children’s future?  I don’t think so but apparently Obama does as he’s projecting trillions more in deficit spending over the next several years.

Even the white house website acknowledges that there is a real problem with the budget but once again, they want to point back to prior administrations as a way of justifying their own penchant for excessive borrowing (and taxing) and spending.  Frankly, I’m a sick of the sniveling blame game, it’s disheartening and makes me wonder if there are any real men in Washington.  On the one hand, this administration, with chief finger pointer in charge, is the epitome pass the buck and on the other hand, they say pointing the finger isn’t going to help the situation.  But just about all you ever hear from this sorry gang of robbers in the White House is things like:

“(Just for the record, that CBO projection was issued 2 weeks before the current Administration took office.)”

Man up Obama! You and your money grubbing acolytes are greasing the slide that’s taking this nation into bankruptcy.  Your new “jobs proposals” are just double-speak for slush fund “stimulus” money to be doled out as bribes to get your progressive agenda passed.  The spending you propose for infrastructure and research and development will probably end up in the hands of those who kowtow before the throne of the “O”.  The cost burden of the bank levies you demand, to “get back” the money given to the financial institutions, will get handed down to the consumer so ultimately the little guy you pay lip service to will suffer.  And suffer we will.  If we have to suffer under your lack of leadership for much longer, we will have nothing left.

One of the most tiring litanies heard these days is the “I inherited” mantra repeated over and over (X’s infinity) again in the hopes that people will believe it and continue to allow themselves to be plundered.  Just this morning on President Obama’s address to the winter meeting of the DNC in Washington (amidst the blizzardy effects of climate change), the “O” said once again that he had inherited a $1.3T dollar deficit.  Although technically that is true it is not due to President Bush’s out of control spending.  The FY2009 budget request presented by Bush (which Obama voted for) had a deficit projection of $415B.  The additional trillion of debt came from the freewheeling congress who jumped aboard the stimulus bandwagon and sold us out to the fed and the international bankers.

So again President Obama, I say “man up,” you approved of the huge debt accretion in the stimulus and bailout packages.  You have no right to pass the buck and blame Bush for your own fiscal duplicity.  The only difference between now and the Bush era, is that the media (like CBS, CNN, MSNBC and that pathetic blog rag Huffington Post) was decrying Bush’s deficit spending.  They are strangely silent about (or tacitly approve of) yours other than the  ”extremist” media outlets like Fox and those radical right wing talk show hosts.

The citizens of the United States are being shoved down the road to bankruptcy and the result will be chaos.  It’s a national emergency.  We must stop the lunatics in Washington before they destroy the nation.

President Obama, I call on you to declare a national emergency, citing your own incompetence as the reason.  You should then resign.