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Pajamas Media » Well-Meaning or Not, Obama Threatens America

February 27, 2011

(1) Mr. Obama’s 2012 budget flies in the face of fiscal and political reality. Not only does it fail to actually cut spending, it dramatically increases spending — and the deficit — far into the future, while raising taxes, ignoring the entitlement crisis, and continuing the promulgation of policies that can have no result other than to destroy the creation of wealth, jobs, and the economy. America is broke, beyond broke, and the utter dissolution of our existing entitlements — not considering ObamaCare — is imminent. Unemployment is arguably at 10.3%; virtually every economic indicator is in the toilet. Any responsible president, any president for whom the welfare of the nation is his first concern, will not propose a budget that spends, now and into the future, far more money than America produces and can possibly take in or repay.

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