Thoughts of Obama From Bama

• Week 116: "A Spending Binge of Obamic Proportions"


• Yes I am a pirate, two hundred years too late The cannons don't thunder, there's nothin' to plunder I'm an over-forty victim of fate Arriving too late, arriving too late I've done a bit of smugglin', I've run my share of grass I made enough money to buy Miami, but I pissed it away so fast Never meant to last, never meant to last A Pirate Looks at Forty, Jimmy Buffett


• Our record breaking “Spender of Other People’s Money-in-Chief“ has sure enough taken the wealthiest country in the history of the civilized world on a 116 week spending binge of historic and unprecedented proportions. With more than enough revenue coming in to the Federal treasury to meet all of our Constitutional obligations plus some the Hope, Change, and Believe gang have brought us to within a frog’s hair of financial ruin since infesting the White House a tad north of two years ago.


• Having failed to pass a budget for fiscal year 2011 last fall the previously Democrat controlled House, Senate, and Presidency left it up to the new GOP controlled House to clean up their mess and avoid a government shutdown. After some serious political theatre and grandstanding primarily by the likes of ultra left wing head cases including Senate Majority Leader Harry “the Mormon Enforcer” Reid; Senator Chucky “No Shame Whiner Boy” Schumer from New York; VP Uncle Joe “Dumber Than a Bag of Hammers” Biden; and the lead big spender hiself Barack “Money Bags” Obama our Liberal brethren “caved” and agreed to $40 Billion or so in budget cuts for 2011.


• Akin to a thousand lawyers found dead and buried at the bottom of the sea, it’s a good start; cutting $40 Billion from a projected $1.6 Trillion shortfall (Loss/deficit) for FY 2011 is a move in the right direction but a moral victory at best. The reality is we need to slash the FY 2011 budget by $1.6 Trillion, from a total budget of $3.6 Trillion or there abouts, break even this year and commit to not only balancing but creating a surplus allowing us to pay off our $14 Trillion dollar accumulated national debt in the next five years or less.


• We fully appreciate the political establishment from both ends of the spectrum consider our balanced budget initiatives as an extreme, radical, wild eyed, economic and political impossibility. Reckon they just might be right but when compared to the abundantly more and more likely possibility of Mr. Obama and his fellow Socialist comrades doubling or even tripling of our accumulated debt to $28 - $42 Trillion over the next 10 years our so called extremist and/or Draconian cuts (trimming the fat, eliminating waste, letting go of all the dead weight) appear to be the epitome of fiscal responsibility and sound financial planning.


• To put our current economic train wreck and looming fiscal catastrophe in perspective all courtesy of the Obama Administration’s criminally negligent spending binge a brief review of the Country’s recent financial performance in several key areas might just provide some valuable insight on our pending bankruptcy.


• Consider the following:


• NATIONAL DEBT


• • 1950 - $257.3 Billion • 1980 - $907.7 Billion • 2000 - $5.8 Trillion • 2008 - $10.07 Trillion • Current - $14.5 Trillion


• NATIONAL DEBT BY PRESIDENT STARTING WITH REAGAN


• • Reagan – $1.7 Trillion increase • George H.W. Bush’s One Term – $1.6 trillion increase • Clinton – $1.5 Trillion increase • W – $4 Trillion increase • Obama’s first two years – $4 Trillion increase • Obama’s remaining two years - $4 Trillion additional for the truly criminal grand total $8 Trillion increase


• FEDERAL REVENUES


• • 1950 - $39.4 Billion • 1980 - $517.1 Billion • 2000 - $2 Trillion • 2008 - $2.5 Trillion • Current - $2.2 Trillion


• FEDERAL SPENDING • 1950 - $42.6 Billion • 1980 - $591 Billion • 2000 - $1.8 Trillion • 2008 - $2.9 Trillion • Current - $3.8 Trillion


• LARGEST ANNUAL FEDERAL BUDGET DEFICITS


• • 2011, Obama - $1.65 Trillion, EST. • 2009, Obama - $1.4 Trillion • 2010, Obama - $1.3 Trillion • 2012, Obama - $1.25 Trillion, EST.


• Ain’t no never mind about it Barack Husain Obama is one world shaking spending fool. Under his stewardship Government spending has exploded to the record level of $3.8 Trillion and all we got to show for it is anemic growth, historically high rates of private sector unemployment, a housing market that can’t seem to dig itself out of the 7th level of hell, and the transformation of our country into the world’s largest Socialist Nanny state.


• Mr. Obama has also generated the four highest annual budget deficits in our nation’s history, is in the process of doubling our accumulated National Debt and has seen Federal revenues nose dive to Fiscal Year 2000 levels. This is a record of dubious achievement unparalleled in our Nation’s history.


• If W or any other Republican turned in such a dismal performance the left wing media elite along with a healthy number of conservatives would justifiably run their happy asses out of town on a rail. President Obama gets a pass instead of the public ridicule and condemnation his dangerous and failed fiscal policies so richly deserve.


• On Wednesday our “Great Orator of Empty Rhetoric-in-Chief“ made his second address to the nation outlining his proposed FY 2012 Budget priorities and alleged plans to get our arms around his unsustainable spending and deficits. A fiercely partisan speech that offered absolutely nothing new or productive to the national debate.


• Classic Marxist tactics right out of the Communist Manifesto the President accused the GOP of evil intentions and stressed the following points:


• • Class warfare- tax the rich even more and protect the victim class


• • Generational warfare – starve Granny, cutoff Pop’s meds and take back his walker


• • Blame others, W, for his failures and take credit for others achievements, some positive movement in job market after W era tax rates were extended


• • Falsely describing GOP budget proposals as extreme, radical, mean spirited and deeply pessimistic


• President Obama’s criminal, record shattering, downright irresponsible and just plum insane spending binge will hopefully be brought to an abrupt halt by the Republican controlled House. Bless his heart, let’s hope going cold turkey on spending other people’s money without restraint doesn’t push him over the edge from Progressive Socialist too hardcore Communist.


• I am, “American by Birth and Southern by the Grace of God”


• Ron W. Garikes