Friday, February 27, 2009

Obama wants to spend $3.6 trillion of your money in 2010

You did not read that number wrong. President Obama has proposed a $3.6 trillion budget for 2010. We used to think in billions, but now we have to shift our thinking to trillions. Do we have that much money in tax revenues? No. We will have to borrow $1.75 trillion dollars mostly from the Chinese. Is Obama turning the economy around with this record spending? No. This is a sad day for America.
Obama Unveils $3.6 Trillion Budget, Sets Aside Billions for Health Care
President Obama's fiscal 2010 budget calls for $3.55 trillion in spending and creates space for up to $750 billion in additional bank bailout funds.

President Obama on Thursday unveiled a $3.55 trillion budget for next year, part of a spending plan that sets aside billions for health care and the ailing financial industry and keeps the federal deficit north of $1 trillion. (excerpt) read more at

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Anonymous said...

Obama is going to bankrupt us all.