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Posts Tagged ‘Federal Deficit’

The Federal Budget deficit officially surpassed $1 Trillion today as tax revenues from corporate and personal income taxes have declined significantly from Obama administration estimates. Barack Obama, intent upon redistributing wealth in America, has established a new deficit record and is not through spending yet as he continues to expand the scope of the Federal government .

The President who has appointed 34 various czars to oversee almost every conceivable aspect of American life is leading the nation along the path toward bankruptcy at an alarming pace. Unless the Congress begins to legislate with some element of common sense and begins to reign in the progressive agenda of Barack Obama this nation will have redistributed all of its remaining wealth to the creditor nations that are currently propping up the American economy.

The policies of Barack Obama are destructive to the American way of life and if left unchecked will result in the catastrophic dissolution of our free enterprise based economy. Our $1 Trillion deficit will grow exponentially if we fail to stem Obama’s lunatic spending. It is time for the President to park Air Force One in the hangar, put the teleprompter away and learn about the nation he has been elected to govern but, chosen to destroy through the execution of his progressive policies.

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