The Congressional Budget Office figures emerged Friday, and offered a far more dire outlook for Obama’s budget than the administration predicted last month. The Projected deficit threatens Obama’s plans – politics – White House …, and is accurate even for a liberal Associated Press.
Auditors say this budget would produce $9.3 trillion in red ink over next decade. However, Budget Director Peter Orszag decided to spin the Congressional Budget Office’s economic projections: “they are probably more pessimistic than those of the President”. However, Orszag acknowledged, “…if the CBO projections are correct, Obama’s budget would produce unsustainable deficits.”
It’s almost impossible eliminating a $9.3 trillion dollar debt in ten decades. But Obama is not worried about total debt.
In his mind a debt will not be a problem if Socialism is there to save the day. The World Book Dictionary defines socialism as “…a system of social organization by which the major means of production and distribution, are owned, managed, or controlled by the government”. In other words, a total rejection of the US Constitution.
When the debt hits $9.3 trillion, each person in America will need to pay $31,000 just to eliminate the debt. Certainly, government can’t pay it. Obama won’t touch certain items for deficit reduction: e.g., a) United Nations, b) 15 major US Departments (e.g., DoJ/27.2 billion/yr), c) anything providing abortions.
Recent actions show exactly where Obama wants to go:
Obama is telling his audience that he will bypass Congress to enact as much of his agenda as possible through executive orders. He wants to implement policies through his (appointed) czars, and mandates issued by federal agencies. These strategies supposedly can get around any checks and balances established by the Constitution. Obama has already exclaimed publically: “We can’t wait for Congress to do its job, so where they won’t act, I will.”
President Obama and Attorney General Eric Holder have committed unlimited amounts of taxpayer money to defend the unconstitutional Obamacare. Now Dr. Donald Berwick (England’s National Health Service, appointed to run Obamacare), says rationing is inevitable. Obamacare is an unprecedented expansion of federal power and regulation.
Young people, and first-time voters were key to Obama’s victory in 2008. Stating “we can’t wait,” Obama announced executive plans for helping graduates with student loans. Current Unpaid student loans top $1 trillion. That debt will surely double with the relaxed restrictions. It seems obvious: News: Obama wants student loan payments lowered to shore up voting bloc .
Liberty Counsel shows many special interest groups (i.e., ACLU, Planned Parenthood (PP), GlSEN (Gay-Lesbian-Straight Education Network) etc., seem to continually get handed public funds. Planned Parenthood just hired Dana Singiser as VP for Government Relations. She had worked previously as a special assistant to the President in the White House.
Department of Energy’s (DoE) $535 million loan to bankrupt Solyndra. Another “green” company, First Solar received two loan guarantees just before the loans expired. Shortly thereafter, DoE sent an additional $4.7 billion in “green energy” loans to four other companies, and over $10 billion to 16 others.
Include a $529 million DoE grant to Fisker Automotive to build hybrid cars. But the cars are being assembled in Finland. In Massachusetts, Beacon Power received $67 million in assistance from the DoE, but has filed for bankruptcy protection.
Socialism forgets four things. 1) You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity. 2) What one person receives without working for, another person must work for without receiving. 3) The government cannot give to anybody anything that the government does not first take from somebody else. And, 4) You cannot multiply wealth by dividing it.
The real questions are why Obama is spending huge amounts of taxpayer money, with little hope of receiving any back. It seems we’ve been on the road to Socialism for a few years now. Can anyone say “World Bank”?
Kevin Roeten can be reached at [email protected].