FOXNews
Obama is proposing a massive federal budget
President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011,pushing a plan that includes new jobs-creation programs but is projected to add nearly $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit.
According to the plan,the 2011 deficit of $1.267 trillion would fund nearly the entirety of the year’s discretionary spending,which is $1.415 trillion or 37 percent of the government’s total outlays.
Mandatory spending on items such as entitlements and interest payments make up the rest.
The Senate moved last week to extend the nation’s debt limit to $14.3 trillion to accommodate the projected gap for the current spending year,which ends Sept. 30,but with another $1.3 trillion hole next year,the nation’s debt could reach $15.6 trillion by Oct. 1,2011. That would surpass the nation’s annual gross domestic product.
A $1.6 trillion deficit would represent 10.6 percent of current GDP,while 2011′s budget deficit would be 8. 3 percent of GDP. The White House says over the next 10 years,the average deficit will represent only 4.5 percent of GDP annually. Last year’s deficit was $1.42 trillion.
[...] http://www.exposeobama.com/2010/02/01/obama-sends-congress-3-8-trillion-budget-soaring-deficits-proj... [...]
Enough already!!! Stop spending what we don't have. Lead my example. The people have to stop living above their means and tighten their belts. We did it during the Great Depression and we can do it now. Obama is deliberatley trying to bankrupt this country because he hates it. He is not proud to be an American. He never salutes the flag. He is a destroyer and divider and he is ruining our nation. It will take years to correct the mistakes that he has made,if we live that long. His stance on terrorism and terrorists is dispicable and putting all Americans in harms way. When are we going to impeach this guy?
WHATEVER HAPPENED TO THE FREEZE?
IMPEACH OBAMA IN 2010 before America self-destructs.
http://www.impeachobamacampaign.com/
The freeze doesn't start until 2011 so between now and then the spending party will continue. It is all just a big lie Runner,they have increased the budgets so high for most if not all dept's a freeze won't matter anyhow.
Obama has set back the advancement of blacks at least 100 years. I won't ever vote for a black (didn't vote for him) and had a lot of doubts about a black president. We must demand that all presidential candidates be thourouly vetted and have to prove their citizenship to the American people. NO MORE…."Who?". If the next Prez refuses to wear the Flag lapel pin and removes it for all of the World to see,won't say the "Pledge of Allegiance"or salute the Flag and proclaims that we're no longer a Christian Nation and that he will always back Islam….we start impeachment proceedings immediately !! We can't be this stupid again. Wonder when they'll start controlling the amount of available food? We could become another Darfur if Obama sees any of us as a threat to his plans. Just thinkin'!
OBAMA KNOWS WHAT HE IS DOING HE IS TRYING TO COMPLETELY MAKE THE DOLLAR COLLAPSE HE AND BERNANKE ARE DOING THIS AND THEN HE CAN DECLARE MARSHAALL LAW AND THEN WE WILL HAVE A CIVIL WAR BECAUSE PEOPLE WILL REALLY BE AWAKE THEN
WAKE UP PEOPLE NOW BE FORE THIS HAPPENS
See the way Obama changed the face of America just in unemployment!!!http://cohort11.americanobserver.net/latoyaegwuek…
We MUST get rid of these Dems –ENOUGH IS ENOUGH!!! A revolution is brewing -