At the end of Bill Clinton's presidency, we had our answer. For the first time in almost thirty years, we enjoyed big budget surpluses and rapidly declining national debt. In fact, Federal Reserve Chairman Alan Greenspan expressed concern that the debt might get paid down too fast, thereby limiting the Reserve System's ability to manage monetary policy. Even after the dot-com bubble burst and the economy was forced to absorb the shock of 9/11, we had the chance to make a down payment on sustained economic growth and broader opportunity for all Americans.
But that's not the path we chose. Instead, we were told by our President that we could fight two wars, increase our military budget by 74 percent, protect the homeland, spend more on education, initiate a new prescription drug plan for seniors, and initiate successive rounds of massive tax cuts, all at the same time. We were told by our congressional leaders that they could make up for lost revenue by cutting out government waste and fraud, even as the number of pork barrel projects increased by an astonishing 64 percent.
The result of this collective denial is the most precarious budget situation that we've seen in years. We now have an annual budget deficit of almost $300 billion, not counting more than $180 billion we borrow every year from the Social Security Trust Fund, all of which adds directly to our national debt. That dept now stands at $9 trillion--approximately $30,000 for every man, woman, and child in the country.
-Barack Obama (2006, The Audacity of Hope)
Our country is in trouble and the people who are supposed to protect us have lined there own pockets, the pockets of the people who put them in power and you never had a choice.
The continued failure, fraud and corruption of this nations governors has destroyed our future and you should be mad as hell.
There was a time when America could afford to dream of a better tomorrow, now we dream of a tomorrow that is no worse than today. Today is starting to really suck.
The media machine will put Obama in power and we can only hope this man will stick to his promise. But he is one of the people who put us here, never forget that, he's pushed through his own pork barrels, his comments remind me of what the pot said to the kettle.
If there's class warfare going on in America, then my class is winning.
-Barack Obama (2006, The Audacity of Hope)
With 24 million dollars of income last year which class is Obama talking about, it's certainly not the class of the average American. Things will not get better unless We the People force them to. What is good for you is good for me, what is good for their "class" is destroying us.
But that's not the path we chose. Instead, we were told by our President that we could fight two wars, increase our military budget by 74 percent, protect the homeland, spend more on education, initiate a new prescription drug plan for seniors, and initiate successive rounds of massive tax cuts, all at the same time. We were told by our congressional leaders that they could make up for lost revenue by cutting out government waste and fraud, even as the number of pork barrel projects increased by an astonishing 64 percent.
The result of this collective denial is the most precarious budget situation that we've seen in years. We now have an annual budget deficit of almost $300 billion, not counting more than $180 billion we borrow every year from the Social Security Trust Fund, all of which adds directly to our national debt. That dept now stands at $9 trillion--approximately $30,000 for every man, woman, and child in the country.
-Barack Obama (2006, The Audacity of Hope)
Our country is in trouble and the people who are supposed to protect us have lined there own pockets, the pockets of the people who put them in power and you never had a choice.
The continued failure, fraud and corruption of this nations governors has destroyed our future and you should be mad as hell.
There was a time when America could afford to dream of a better tomorrow, now we dream of a tomorrow that is no worse than today. Today is starting to really suck.
The media machine will put Obama in power and we can only hope this man will stick to his promise. But he is one of the people who put us here, never forget that, he's pushed through his own pork barrels, his comments remind me of what the pot said to the kettle.
If there's class warfare going on in America, then my class is winning.
-Barack Obama (2006, The Audacity of Hope)
With 24 million dollars of income last year which class is Obama talking about, it's certainly not the class of the average American. Things will not get better unless We the People force them to. What is good for you is good for me, what is good for their "class" is destroying us.
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