It’s The Spending, Stupid

Uncle Sam BrokeThe “stupid” in the headline is not Obama, the Senate, or the House; it’s us. We’re the morons who put these people into a position to bankrupt the country.

And even though the bankruptcy is coming, Obama and his fellow jackasses have showed no signs of cutting spending.

The agreement “may have prevented the immediate threats that the fiscal cliff posed to our fragile economic recovery, but we haven’t remotely fixed the nation’s debt problem,” said Michael A. Peterson, president and COO of the Peterson Foundation.

“The primary goal of any sustainable fiscal policy is to stabilize the debt as a share of the economy and put it on a downward path, and yet our nation is still heading toward debt levels of 200 percent of GDP and beyond,” he said.

The latest deal that stopped income tax increases for those making $400,000 a year or less may have only improved the burgeoning debt situation by a year.

Sequestration does not improve the outlook much, either. Even if the budget sequester is fully implemented, federal debt would still reach 200 percent of GDP within about 28 years.

200 percent of GDP. Well, Obama wanted to “fundamentally transform the United States of America.” Mission accomplished.

Completely unrelated: Texas is doing so poorly that Governor Rick Perry is asking for an amendment to return excess tax revenue back to the citizens.

5 thoughts on “It’s The Spending, Stupid

  1. Ferrell Gummitt

    Again this reveals the level of stupidity that is so abundant in America if one only considers the majority who voted for Obama’s reelection. After witnessing the abject failure of this feckless president for the past four years, the Lamestream Media still considers him a savior and clamors on to him with the same intense fanaticism of a 14 year old girl for Justin Bieber.

    We have become a pathetic nation letting this fool be President for even 1 day let alone 4 years and counting.

    Also on a related note, IL is doing so well on tax revenues that Governor Downgrade Quinn had to stop the sale of $500 Million Road construction bonds this morning.

  2. John D

    “Spending”? “Bankruptcy”? Aren’t those are secret code, dog-whistle terms used to incite racial animosity? Colon (sic) Powell roundly denounces you. ;)

  3. Wyatt Earp Post author

    Ferrell – Illinois: The (fiscally) worst state in the union. Be proud!

    John D – Oh, I forgot. Pointing out Obama’s incompetence is racist.

  4. Dr. Evil

    Just more reason to support Texas sucession and me moving there. But since the piss poor letter from the White House I got said that won’t happen, I’ll officially announce it:

    Perry 2016

  5. Jon Brooks

    Ferrell and doc Evil,
    Gov. Perry announced recently that they have such a huge surplus of tax funds that they are thinking of ways to give it back to the Texas taxpayers.

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