It doesn’t take a rocket scientist to figure out the problem here
By Joseph Parish
Since the White House now it projecting a much larger deficit then previously expected they are acting surprised and amazed. It appears that the only people who had no clue that we had an exploding deficit were those who were generating this debt to begin with. White House officials have finally admitted that the upcoming fiscal statistics are much bleaker than those initially estimated by the Obama administration.
Current estimates border upon a $9 trillion dollar deficit quickly approaching for the years 2010 to 2019. In addition unemployment it expected to reach as high as 10 percent this year alone. What this essentially amounts to is that you can pull the wool over some people’s eyes but not all the people. It doesn’t take a rocket scientist to realize that when you are spending funds quicker then you are bringing them in you are certain to end up with a minus sign. Our present administration even in view of these shocking figures has still not attempted to reduce the government handouts in the least.
In my honest opinion these result are just another example of failed socialist policies. They did not work effectively in other countries nor will they prove beneficial in America either. Add to all the other needless government expenses and spending the proposed health care overhaul program suggested by President Obama will tend to increase our deficit by another trillion dollars or more and America is surely going to be seeing bankruptcy in the near future.
The current administration is completely out of control with its spending and debt and our lawmakers need to drag in the ropes and put an immediate halt to these irresponsible actions by the executive branch of the government. It is evident that the stimulus packages are not doing as they were expected to do. We are still in the hole and still not up to par.
As I had previously stated this is not the time to increasing taxes at any level of government so our only other alternative is to cut back on expenditures. Our country needs to escape from this recession before we can start to increase taxes and push for greater social reform programs.
Although Obama and his administration are likely to encounter these issues I am certain that they will simply be pushed under the bus and ignored. As this happens America will go deeper and deeper in debt. This should be a wake-up call for our Senators and congressmen. Listen up gentlemen and put a stop to all this needless spending before it is too late.
Copyright @2009 Joseph Parish
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