The Obama administration on Tuesday acknowledged that Obamanomics, the dismal science of spending other people’s money as fast as possible, honed with ward bosses and union kingpins on Chicago’s South Side, has failed.
They did so, not in so many words and probably without knowing it, while hammering Americans with a devastating and demoralizing one-two blow — one a sucker punch, the other below the belt.
With the sycophants in the Obama press corps distracted while rubbing elbows with the Obamas and other rich folk on the Vineyard, the O Team threw their sucker punch: officially announcing that the federal budget deficit next year will be nearly 20% more than in their first forecast made just last May, and over the next ten years will be two trillion dollars more than they had predicted.
That’s two million million dollars more than Obama had forecast. Just 90 days ago.
Oops.
Even ballpark hunches should be closer than that.
Obama’s estimate of the ten-year federal deficit has increased almost 30% from his first quarterly forecast to his second. How much further off will it be in six months? In a year? By the end of his term?
Yet, this is the same genius who is now promising that Obamacare will be revenue neutral, that Medicare won’t be raided, and that seniors needn’t worry about how end-of-life care under a government imposed plan will be affected by Washington’s ability to pay.
Add to that the fact that several thousand inmates in our penal system got “stimulus checks”… well, there goes another chunk of credibility right down the toilet. Can’t wait to see the approval ratings go down the crapper some more!
Great post BZ.
HAM: hey, excellent point! Coupled with the 10,000+ inmates to be released by the State of Fornicalia mandated by the courts.
Can’t wait to see the ACTUAL results of REALITY.
BZ
He’s off some bullshit. I have damner lost faith in the American political process. Perhaps a NO LOBBYING WHATSOEVER law would be in order, then that way our Senators cannot be bought out?
Great post! Dead bang on, as usual. Disa, no lobbying at all would remove the people’s voice. The problem with Barry isn’t Lobbyists, it’s his Marxist ideology.
The destruction of the nation’s economy has always been his goal. How else is he going to force everyone to rely on the government?
Reality is coming to bite Obamanomics in the butt…
Millions have tried to spend their way out of debt, and all have failed. Unfortunately, we’re the ones that are going to be paying the bill complete with late charges and overdrawn fees.
I am thinking that many, if not ALL Conservatives, made it abundantly clear didn’t we? Obamanomics sucks, as does anything else the Kenyan in Chief comes up with…
I agree with Mahn, All paid lobbyist should be banned. We still have a voice and anyone watching the town hall meetings and the tea party’s are hearing it.
If fact, the law makers should not be able to take any money from special interest groups and punished severely if they do.
GW, Sandy articulated my point much clearer. I don’t believe that any politician should accept money from interest and lobbying groups. No money, no favors, no perks. The voice of the people is being heard, but they aren’t listening. Our system is corrupted and broken, a real change is needed now!
A recent lead editorial, in light of the recent reports about the BHO budget, actually advocated abandoning ObamaKare.
Zing!
Right, Bush puts in into a hole, Obmaba tries to dig us out and you guys lie and whine. Ah yes…The Lunatic Fringe Right.
Anonymoose:
First, learn how to spell. Second, learn how to construct an actual sentence. Third, learn how to string a series of cogent thoughts together and then place said thoughts logically into a comment section. You are quite completely incomprehensible.
Likely, of course, a product of recent public schooling. You, sir, are the proverbial Perfect Example. I don’t blame you; perhaps your parents when you were young. Might I suggest remedial English classes at a local junior high school?
BZ
Well said BZ. I doubt anonamoose will take your advice,m though it is good and appropriate. There is also a spell checker to consider.
No, no, no – you have OBVIOUSLY mis-heard TEH ONE.
He said it would be revenue neutral for him. The rest of us get to take it in the wallet.
Gosh, BZ, clean out your ears.
Anonymoose:
Trillions of dollars added to the national debt and still growing, in the first 6 months… and you think Chairman Obama is “trying to dig us out”… more like he’s trying “to bury us”!!! That’s just basic economics! I’m not impressed with your 2 digit IQ. Stay out of the comment section!
Almost as scary as what NObama is doing to the economy is the fact that people with the IQ of anomymouse has the vote. You wonder why we are saddled with the halfrican POTUS, THAT IS WHY! People just barely smart enough to make an “X” will always vote for the guy giving away the most stuff.
Might I suggest remedial English classes at a local junior high school?
*****************
You have SOME nerve…
How DARE you suggest that anonymouse take remedial English classes at a local Jr High School.
The audacity of such a suggestion is almost more than I can deal with…
Junior High is WAY the hell over the comprehension level of our libber troll anonymouse!
LMAO…