Obama’s Historic Presidency Continues; Deficit Hits $1 Trillion for the First Time in History
It isn’t often that one person can make history twice in his or her lifetime not to mention twice in eight months but that is what President Obama has done. President Obama made history when he became the first black president and now he has made history once again.
For the first time in history the federal deficit has topped $1 trillion, congratulations are in order for Barack Obama as he has spent more money in his first eight months as president than all the other presidents combined.
But fear not, as President Obama told Hollywood at a fundraiser, “you ain’t seen nothing yet.” The spending is far from over, we still have the pending climate change and healthcare bills as well as talk of a second stimulus bill.
This record deficit is projected to almost double by the fall to about $1.85 trillion, making it a record that quite possibly will never be broken. That is unless Barack Obama is elected to a second term.
The hits just keep on coming. With all of the president’s spending that the country cannot afford and with the borrowing of money from China and with the printing presses rolling we can consider one more thing history if we keep spending at this rate– our country.
NH Tea Party Coalition
Most people have no concept of $1,000,000,000,000, to put it another way if you lined up dollars bills one trillion would reach from here to the moon and back again 200 times. Thats a lot of Washington paper, but George would not be too happy! I did the math quickly, I hope its close to being right.
Sounds right to me, either way it is incomprehensible.
I would like to Congradulate you on this article. And I would like to hold back on that Congradulations to Obama though……..I really think this President and our Congress has gone NUTS. They sure don’t have any common sense…..We all know, That you can’t keep “Robbing Peter to Pay Paul”….Without some kind of serious reprecussions…
Well, that tears it. I’m making my own bumper sticker— all it says is: Happy now?
How about “This is Hope?”
I have a “piece of flair” in my Facebook collection that says, “So how’s that hope and change working for you?” Would love to have that as a bumper sticker.
I think that I have seen that one.
There’s not much hope that things will improve.
Not until the 2010 elections anyway.
Love that optimism! I’m hopeful also. For real.
And that depends on what we do as Voters that is. Elect the same old type of assholes in and there won’t be any hope.