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Is anyone concerned about the Obama Administration's outrageous spending habits?
What is President Obama thinking? He hasn’t even been in office for a year and has already allowed more spending than during the whole eight years of the Bush Administration.
President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
President Bush began a string of expensive financial bailouts. President Obama is accelerating that course.
President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund.
President Bush increased federal education spending 58 percent faster than inflation. President Obama would double it.
President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already increased this spending by 20 percent.
President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.
President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
I think people are clearly missing the point. This kind of spending is not normal. You can't even compare this amount of spending to previous administrations.
There was a lot of concern raised about the Bush Administration and out of control spending, particularly in Iraq. However, Obama is continuing to fund the war in Iraq and Afghanistan while he has also blown over a trillion on experimental "stimulus" packages. This is only just the beginning!
I don't care if you are Democrat or Republican. I'm neither. How can anyone in their right mind justify Obama's spending habits?
The future looks grim. There will probaly be a revolution in the near future. We will quietly submit to a communist level of tax increases that requires all or most of your income to be paid to the government - OR - there will be a violent rebellion and the government will collapse leaving us in anarchy and chaos.
16 Answers
- SonshineLv 51 decade agoFavorite Answer
In 6 months Ob has outspent every president in history collectively. There is no comparison. And there is ZERO proof that anything has improved....except all his cronies and supporters getting jobs or paybacks.
- cheruvimaLv 71 decade ago
Yes I'm concerned. And I'm not republican or democratic either. Ob did tell us before the election he would do this, and blame the previous administration for it...and that's just what he's doing. If Americans had been listening instead of hoping for some vague unspecified change, maybe we'd have voted differently. But we're a nation of slogans....the shorter the better. I said all along that change for the sake of change is not good and you better know what the change will bring before you vote it into office...or your grandchildren will be living in a third world nation, economically, like Kenya.....and here we are going deeper and deeper and deeper into debt while we see from the recession what debt does to people. Well, it does the same things to states and countries. Right now we have about 16 states on the actual brink of bankruptcy. What are we going to do when it's the national government. Guess what, those Chinese teenagers who laughed at our Treas. Secretary (because even they know how stupid this plan is for our country) Well---those Chinese teenagers will own us. Ob wants our country to be "not Christian." Believe me, those Chinese teenagers who will own us are not Christian, and will not tolerate our Christian faith. Communism has notoriously, historically done horrifyingly savage things to try to eliminate both Christianity and Buddhism, and really, all religion. In Russia, communists killed approx 80 million Christians over the course of their reign. I don't know how many Tibetan Buddhists have been killed by Chinese communists...but it's more than a few...But Ob told us he was not Christian before we voted him into office. We just weren't listening closely enough after he yelled his mantra of "Change." Well we are getting the change he promised. More money for his corrupt cronies, global humiliation, unheard of in the history of the globe debt so that we can become a third world nation, bailouts that help Wall Street moguls go back to business as usual while our taxes go through the roof and unemployment soars, banks still don't lend...etc...
I love how you think. You are so right. It took about 150 years for the first Revolution in this country to take hold and be accomplished. Maybe we can speed this one up, because at the rate of spending we are going, America won't last another 150 years. I thought all along that Ob's real purpose was to destroy America from within....since he and his terrorist America hating buddy couldn't legally do it from without. Oh yeah, and his America, and white-hating minister Ob conveniently didn't listen to while attending services in that hate-mongering fake religion for 20 years. I smell a practicing communist.
- liamLv 45 years ago
of direction. whether any economist can inform you that for the time of a recession you need to shrink taxes and boost spending to guard the financial equipment. it quite is the government's terrific financial gadget to combat recessions. that may no longer like what Bush grew to become into doing. He grew to become into reducing taxes for the time of an financial intense. That makes no experience what so ever. He would desire to have been night out taxes and spending and pay down the nationwide debt. If the financial equipment turns around and Obama does not boost taxes and decrease spending, then i visit be mad. Deficit whilst there's a recession Surplus whilst there's a good financial equipment.
- Anonymous1 decade ago
because
if he cut cut cut spending... he'll be the most hated... like Schwarzenegger...
if he gives gives gives, he'll stay POPULAR!!!!!!!!!!
He is ROBIN HOOD, get it? ROBIN HOOD takes money from the RICH... spending gov't money.. giving away free stuff to the poor.
WHO CARES, Obama doesn't care about the National Debt. Hillary and Bill Clinton don't either. Their popularity is the only thing matters.
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- Anonymous1 decade ago
It is time for the government to spend in the cycle of conservative voodoo economics. Here learn how our money system works, Skip to 4 min to avoid long info. very informative, not left or right.
- PARVFANLv 71 decade ago
I'm old and do not care that he is putting you young ones in the poor house because we told you he would. Next time listen. Peace
- Anonymous1 decade ago
Yes. The conservatives, clearly.
- Anonymous1 decade ago
Indeed. As I was concerned about Reagan's drunken spending habits and Bush Jr.'s drunken spending habits. At least Bush Sr. and Clinton *tried* to act fiscally responsible and in the case of Clinton, he actually did. But Obama no, he's acting just as irresponsible as Reagan and Dubya.
- Anonymous1 decade ago
Over 54% of the US Population is concerned about his outrageous spending.
Independents, Conservatives, and honest Democrats.
- Anonymous1 decade ago
well thts wat we get for letting a bunch of idiots decide to put another liberal in office...id rather be safe then dead and the only way for AMERICA to be safe is to vote conservative...if mccain can last 5 yrs as hostage then he can bring wisdom to this country and get us on our feet....everyone worries about the only thing tht dont matter...MONEY...the safe well-being of my country is sooo much more important then money...i can do without the money....GOD BLESS AMERICA is becoming a goal