by Les Carpenter
Rational Nation USA
The nation took a giant of a leap of faith on November 2, 2008. That day we elected perhaps the greatest impostor of all time to the most powerful position in the world, the Presidency of the United States.
Twenty months into his administration we find our nation facing increased financial instability with an additional 3 trillion dollars in debt, an unemployment rate of 9.6% with no end in site, home foreclosures nationwide at approximately 4 million units, and a world that is less stable than it was when he took office. Oh, did I mention ObamaCare that was forced down our throats before we had a chance to see and know what was in it and how it would effect us.
Given all this (and it is just the tip of the iceberg) it is no wonder this President and his party have lost so much support. The American public can only be fooled so long. All indications are the house built on sand in DC may come tumbling down on November 2, 2010. That is an exhilarating thought!
While there are many troubling aspects of the Great Impostor's reign, the most troubling is the fiscal insanity that he, Pelosi, Reid and the rest of his democratic minions have showered on the country. Obama and Congress cannot continue to throw fiscal responsibility to the wind without potentially devastating consequences. The following CSN News article is telling.
It's official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.
It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.
The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.
Each business day, in the afternoon, the Treasury Department’s Bureau of the Public Debt publishes the exact amount—to the penny--of total federal debt as of the close of the previous business day.
Clearly this President sees the Federal Treasury as nothing more than an agency to be used to further his progressive, socialist agenda. He, more than any other former President fails to understand basic common sense principles of sound fiscal management. But really that comes as no surprise as he never created a single job, never balanced the budget of a government department, or met a payroll. Basically he is like a child given free rein in a candy store.
Read the rest of the article here. Cross posted to the Left Coast Rebel.