The leaders of President Obama’s own debt commission say that his administration cannot tax and spend their way out of the problem. At present, available federal revenues are fully consumed by just three programs: Social Security, Medicare and Medicaid. The rest of the federal government is being financed by China and other nations. Read more at Source
Obama’s Economic Performance Poor
President Obama’s economic approval rating is tanking, even though administration officials continue to insist that the economy is showing signs of improvement. The Discover Consumer Spending Monitor shows that just 28 percent of Americans think the economy is getting better, while 48 percent say it’s getting worse.
Just 29 percent believe the stimulus plan helped the economy, most still believe it was a mistake for the government to takeover General Motors and Chrysler, and most favor a repeal of the health care law. Eighty-two percent (82 percent) say it’s important to cut the federal deficit in half but few expect that to happen. Read more at SOURCE
Is it to late for Obama to stop his big spending spree? Will Obama listen to his own debt commission or is he set on destroy the country from within? I still think about what Bin Laden said about the next terrorist attack on America would come from within our own government. Seem that Bin Laden was right the way our great Nation is being destroyed from within by this spending spree of Obama, Reid and the democrats!