From USA Today:
Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.I've always thought Obama was more of a car salesman than anything. Now, Like Remington owner Victon Kiam, he liked the product so much he bought the company.
He sold us a clunker last November, but good salesman that he is, he knows that follow-up after the sale keeps the buyer happy. He continues to coo and congratulate the suckers who voted for him, while simultaneously adopting Bush terror policies and advancing his liberal domestic agenda.
Health Care On Sale Now!
His latest sales pitch is that health care is on sale now, but the deals won't last! We've got to get this done now! Of course we need to do it now. There won't be any money left to do it tomorrow. We're $63,000,000,000,000 ($63 trillion) in the hole, and China is itching to take our credit card away.
USA Today explains how our government has saddled us with a debt of "a record $546,668 per household...
That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined."Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.
USA Today has breakdown of the federal debt.
Other: .4%
Civil Service & Military Retirement: 8.3%
Federal Debt Interest: 10%
Social Security: 29.3%
Medicare: 52%
Medical costs, as it stands now, are responsible for over half of the national debt. And they want the government to take on more health care? Are they crazy, or stupid?
What kind of citizenry allows their privileged political class to get away with such blatant banditry?
USA Today - Debt
Breitbart - Health Care Now
NNDR.Com - Victor Kiam
1 comments:
Perfect analogy here Silverfiddle as he is the top used car salesman, so how appropriate he use his best skill as the new de facto ceo at GM.
Libs hate CEO's unless they're liberal Marxists I guess..
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