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Originally Posted by pk
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I would have to say that this is a little premature as he has yet to prove anything as he is not yet the president. Unfortunately from what I have been hearing Bushes doubling down on our nations deficit is going to continue under the Obama presidency.
I read these scary facts in the Washington Times:
Washington Times - Federal spending soars 25% before bailout
The Washington Times reports that government spending in 2008 put taxpayers more than $1 trillion in the hole... and the bailouts aren't taken into account until 2009.
The report showed that U.S. debts and liabilities are close to passing the value of the U.S. population's net worth, said Peter G. Peterson Foundation, a nonprofit organization devoted to promoting fiscal responsibility....
The report said current revenues are sufficient to pay only half of what the government will owe in 30 years and that the government's debt has put the country on a path to "create financial sector instability, increasing risk and uncertainty across many sectors of the U.S. economy."...
Re: Obama Wins Again.
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