Obama and Congress Set Record Budget Deficit in February
By Brian Koenig
COMMENTARY | The Obama campaign just released the trailer for its 17-minute, Hollywood-composed documentary -- entitled "The Road We've Traveled" -- which purportedly touts the President's so-called accomplishments in financial reform, the auto industry, and his landmark healthcare reform law. "How do we understand this President and his time in office?" Hollywood A-lister Tom Hanks narrates over a melodramatic soundtrack. "Do we look at the day's headlines or do we remember what we as a country have been through?"
Naturally, the economic dormancy, fiscal tragedies, and soaring unemployment levels are absent from the trailer -- and most likely, from the movie itself. Indeed, President Barack Obama's alleged leadership in the economic crisis has led to record-breaking measures, particularly regarding the nation's fiscal shape.
That's right, pop the champagne and release the confetti, because the federal deficit in fiscal year 2012 has already exceeded half a trillion dollars.
The Congressional Budget Office estimated that the government will foster a deficit of $229 billion in February, the highest monthly figure in U.S. history. The previous record was $223 billion, which was achieved in February 2011, according to the Washington Times.
The record figure narrates a damning tale: The federal government is borrowing far more money while incurring far less revenue than it needs to fill the expanding fiscal gap. In fact, the Times reported, "the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year."
And to pass all the blame Congress would be imprudent. Obama's leadership, particularly regarding fiscal matters, has led to a mass expansion in welfare benefits, billions of dollars in failed green-energy projects, and a near-trillion-dollar economic stimulus law that proved futile for the nation's unemployment picture.
Without a doubt, such financial ineptitude should reflect poorly on Congress, for both Republicans and Democrats. But one would think such a fiscal landmark would be calamitous for the President's November election results. Granted, President George W. Bush was no fiscal saint. But Obama has been in office for more than three years, and the "blame Bush" phenomenon is not only wearing thin, it's long worn out its credibility.
MTW-
How much of the American tax-payer’s money is this horrible man going to spend on his re-election? Did Tom Hanks and the Hollywood folk foot the bill for your movie? They are his biggest fans. They are the wealthiest. These self-absorbed VERY RICH and VERY OVERPAID entertainers seem to not care about this Nation, nor do they care for the folks whom have made them successful. I mean no disrespect to the level-headed stars, many of whom just may care, such as those who are not supporters of Obama, or may have served in the Military; although it sure has been a while since any of them has done so. Was it Mr. Eastwood, Bill Cosby, or Morgan Freeman in Korea? Or was it Elvis or Chuck Norris in ’57 and ’58 respectively? Or did any of them go to Vietnam? The ones I have found are- Jeff Bridges, served in the Coast Guard, and Drew Carey was in the Marine Corps from 1981-1987, but do not let me forget Army Military Police Laurence Tureaud, serving until 1975. I pity the fool who forgets Mr. T. A little gap there-say, a Vietnam sized gap. (save Mr. T.) I am also sure there are Republican celebrities; I have a list, just Google it. Why do we not just go to George Clooney’s house and have one of his Democratic star studded orgies? And what is the real deal with the scientology nonsense? It sounds a lot like Atheism to me. This must be the reason BO said that this is no longer a Christian Nation. By the way, a lot has been talked about Mitt Romney and his wealth. Really? Obama is a millionaire, too, somehow. Is his father must be digging for diamonds in Kenya, or whatever it is they have worth a damn? I mean no offense to those who do not deserve it, and immense offense to those who do. Of course, my favorite line in the Clint Eastwood classic “Unforgiven”, is “Deserve’s got nothing to do with it.” Let us remove any President who apologizes to anyone for anything. It is a sign of weakness. I suppose I went off topic. So, where did all of that 500 billion just go? We will never know. Do you think Tom Hanks is going to get a position in the Obama staff now? All of his other highest donators have; but a movie? Is it a comedy?
GOD BLESS THE UNITED STATES OF AMERICA AND OUR ARMED FORCES!
Posted by Michael T. Wayne- A Little Crazy
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