Obama's Budget - "Complete and Total Joke"

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We couldn't say it better ourselves!   We would however add to this and say that the entire U.S. Monetary and Fiscal policies are complete jokes!  Obama's budget may be a joke, but the problem is that he is caught in a system that gives him and others no choice but to tee up these types of non-solutions to our problems.  We explained much of this in our recent post "Why The Future Is So Clear".




Here is a fact.  No politician will ever make the cuts necessary to get our debt under control until we are in a state of emergency.  What is a state of emergency?  Ask Mubarak, he probably has some idea now.   Someone should have told our government a long, long time ago about the number one problem with spending and entitlement programs.  They are easy to implement, but almost impossible to take back!   The spending part has been easy and fun and has created this false economy we have enjoyed over the last ten years, if not the last 50.  We will now all come to fully understand just how hard the "taking back" part can be for a society.

There is some good news.  Every investor can protect their assets by making the right decisions!

Barack Obama’s Budget For 2012: A Complete And Total Joke

www.theeconomiccollapseblog.com

Februrary 14, 2011 

 Is Barack Obama trying to play a joke on all of us?  The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for "Narnia", "Fantasy Island", "Atlantis" or some other mythical land.  You can view the hard numbers for Barack Obama's 2012 budget right here.  Obama's budget assumes that the U.S. will experience economic growth of over 5 percent for most of the coming decade.  That is so far-fetched that "optimistic" is not the right word for it.  It also assumes that U.S. government income (primarily made up of taxes on all of us) will more than double over the next ten years.  For 2011, the budget projects that the U.S. government will take in a total of 2.1 trillion dollars, and for 2021 the budget projects that the U.S. government will take in a total of 4.9 trillion dollars.  For the Obama administration to assume that the federal government will be able to drain an extra 2.8 trillion dollars per year out of the American people by the year 2021 is ridicul0us beyond belief.  In his new budget Barack Obama does propose some very, very modest spending cuts that he knows have no chance of getting through Congress.  Barack Obama's budget for 2012 also does not even attempt to make any cuts to entitlement programs such as Social Security and Medicare.  In essence, you can sum up Barack Obama's budget proposal for 2012 by saying that it is a complete and total joke.  This budget is so delusional and so out of touch with reality that it is hard to imagine anyone taking it seriously.

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Barack Obama, Budget, Dollars, Economic, Economic Growth, Income, Medicare, Social Security, Spending, Taxes Government Debt, U.S. Debt, Deficit, 2011, economic collapse, GOP budget, spending cuts