Fiscal Irresponsibilty Reins Supreme with Obama Administration

- Scott Miller

nomoney Let’s take a look at our current federal government finances:

- Obama 2009 Budget projects a $1.75 TRILLION dollar deficit

- As of June 2, 2009, the federal debt stands at $11,382,737,715,925, that’s over $11 TRILLION in case you’ve never seen so many digits strung together like that.

- Obama’s Administration projects that our total federal debt load will double to $20 TRILLION over the next 6 years

- Obama projects that his spending plans will take the federal debt to 100% of America’s GDP (gross domestic product), or the value of everything produced by our economy. A level that hasn’t been seen since 1940’s.

- The federal government has another $53+ TRILLION in unfunded obligations created by our massive social welfare programs and lavish public pension programs…. that $53 TRILLION is in addition to the federal debt

- That means that our total debt and funding obligations stand at an incomprehensible $73+ TRILLION

So any normal, rational thinking adult, looking at these staggering numbers would start to do some serious budgetary reforms, and start drastically cutting federal spending across the board (save our national defense)… but not the Obama administration.

Instead, they set out to nationalize another 17% of our economy with a massive new socialized medicine healthcare entitlement. An new entitlement that will cost us another $3.2 TRILLION over the next 10 years. Here are some highlights of the rank irresponsibility of the party of Statists (aka Democrats) when it comes to their socialized medicine plan:

Several officials said the Congressional Budget Office had issued a cost estimate of $1.6 trillion, with only about $560 billion paid for. They spoke on condition of anonymity, saying the matter was confidential

Question: These central planners in government are scheming to spend a ton more of our money, and their plans are “confidential”? Talk about arrogance and gall!

Sen. Kent Conrad, D-N.D., said that with cost estimates coming in so high, “It is clear there have got to be changes made to make the whole package affordable.”

Sen. Conrad, the government is BROKE! We can’t afford the pot you piss in, let alone a massive new entitlement program… a program that will include free healthcare for illegal aliens! Wake the F-up!

At the Senate Health panel, officials said that after penciling in subsidies for families with incomes as high as $110,000, or 500 percent of the federal poverty level, they would limit the help to families up to $88,000 in income, or 400 percent of the poverty level

Subsidies for families making over 100 Grand?!! Are these people freakin’ nuts? Why the hell would some poor waitress be subsidizing a family making over $100K? How stupid is that? 500% of the federal poverty level? Have we become this much of a pansy-nation? Where we expect momma government to take care of our every little need? $100k… pay for your own damn health insurance! Don’t reach into my pocket to pay for your healthcare… if you can’t take care of your family’s health, then you shouldn’t be having kids in the first damn place.

Now some of you may say, “but Scott, that article says Obama’s healthcare plan will be $1.6 trillion, not $3.2 trillion”. Folks, if you haven’t learned by now, you need to take every figure that the politicians give you, and at least double it to get to what will be the true cost of any government program.

Just look at the Medicare program created by the socialists in 1965… in 1965 the government projected that medicare, in the year 2003, would cost taxpayers $26 billion a year; the actual cost came in at… get this… $245 billion, or 10 times what the politicians promised…. still want 535 central planners in Washington DC taking over your healthcare?