Tuesday, August 25, 2009

BREAKING NEWS: White House predicts $9 trillion deficit

That's $9,000,000,000,000 over the next 10 years--more than the sum of all previous deficits since America's founding. The White House also says that our debt will encompass 75 percent of our entire economy by the decade's end.

Yet the president continues to spend money on a stimulus of destructive spending and government healthcare that will cost trillions of dollars. Is it any wonder his approval is at 49, 50, and 51 percent in most polls (average: 51. 8 percent) and he's actually polling below 50 percent in Ohio and Florida? The percentage of Americans who disapprove of Obama has doubled since his inauguration. And Republicans now have a chance at gaining control of the House of Representatives in 2010 and taking out Harry Reid in NV while possibly taking Senate seats in CT, NY, DE, IL, PA, and CA just to name a few?

Since the stimulus has failed miserably at stimulating the economy so far, maybe the Economic Recovery and Reinvestment Act (ERRA) should be renamed the Enduring Recession and Retracting Economy Act (ERREA).

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