Monday, January 11, 2010

The Crisis



"The federal government spent $3.5 trillion during President Obama's first year in office. Just the first year! This far exceeds the spending for any other first-year president . Obama has blown out of place the budget record for first-year presidents -- spending almost twice as much as his predecessor {George Bush} did when he came into office and far exceeding the first-year tabs for any other U.S. president in history of this country. But yet most democrats are still blaming Bush for the way this country is still in the hole and it is getting bigger all the time.

In fiscal 2009 the federal government {on Obama's watch} spent $3.52 trillion -- which sets a point of reference for comparison to look at. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office. Wow that is a huge difference. That's a big increase. But compared with other presidents' first years in office, Obama is running circles around them spending the tax payer's money.



President Obama announced himself ready to make hard choices to subdue the federal debt. But after spending a trillion dollars to quench the financial disaster, he continue to persist in spending money like nothing had happened. Because of the biggest increase of federal government spending since Medicare: He promises that after health insurance is in the bag and in place for everybody then he insist that we must not forget, a second extraordinary growth of federal power into the economy on behalf of energy development will he then put deficit reduction on the table.

Obama is setting out in his goals to put cost control together with a prize long wanted by his party -- universal health care. He is aware that controlling health-care costs will have need of continuous change, so he wants to put decisions in the hands of a board of experts insulated from politics. I believe the head of these experts are called czars. You know the people that he has put in and were not confirmed by congress.

Both are absolutely terrifying. In the first, Obama merely talks about deficit reduction all the while he is expanding federal spending. Personally I think he is doing it on purpose. In the other side of the story, he promises a miraculous solution from a mixture of specialist who will cut an adequate amount in the cost of health care to cover those new entitlements, He then will package and sell the cuts to congress and the public, and, poof: {like Poof The Magic Dragon} he has magically did nothing, he is one slick dude. He is one big con artist. He should have played in the movie called the "Sting", because he is that good. He could have given Paul Newman and Robert Redford some tips.

All this that he is doing looks just like a movie straight from Hollywood that has gaping holes in the plot.  That, and his magical thinking, which sometimes work for the Hollywood directors, but sorry to say, the health care industry is not a movie. It is the real thing and people's lives are held in the balance. This is something that we, our children, and their children will be paying for plus all the other entitlements that are given out at the tax payer cost by a government that just keeps spending and spending.


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