Welcome to the American Revolution II

Welcome to the American Revolution II
But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.
"We face a hostile ideology global in scope, atheistic in character, ruthless in purpose and insidious in method..." and warned about what he saw as unjustified government spending proposals and continued with a warning that "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex... The potential for the disastrous rise of misplaced power exists and will persist... Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."Dwight D. Eisenhower

Sunday, March 7, 2010

Obama's new $9.7 TRILLION deficit not Bush's

Obama's new budget would result in a $9.7 TRILLION deficit

March 07, 2010
President Obama and Democrat leaders are talking about "reducing the deficit" with such things as "Pay Go," appointing a "commission" to study how to reduce the debt, etc. But as the Washington Post is reporting, the Congressional Budget Office has said that Obama's proposed budget would add much more to the national debt than they are claiming.

The CBO calculates that Obama's budget would add more than $9.7 TRILLION dollars to the national debt over the next decade. Says the CBO:
Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said. Interest payments on the debt would also skyrocket by $800 billion over the same period.

We would suggest that most Americans have no real concept of how much money $9.7 TRILLION actually is. We sure do not. But you may find this interesting:

If one stacks hundred dollar bills on top of one another,

Here's what a million dollars looks like

Here's what a Billion dollars looks like it is ten hundred million.

And here's what a TRILLION dollars looks like. It is ten hundred billion.

Again: $9,700,000,000,000.

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