Remember “Hope-n-Change” new era of responsibility? Obama pretends to be frugal as we sink deeper into debt now the Obama Administration asks the Senate to Raise the National Debt Ceiling above $12 Trillion Dollars.
Six months ago I wrote here when does deficit spending end and fiscal responsibility begin? In July, I wrote here that ObamaCare will blow up the federal budget deficit even larger than it is now, denying health care to some Americans in order to hold down costs.
China the nations largest creditor and holder of $2 Trillion Dollars in U.S. Securities is alarmed by U.S. Money Printing saying, “If they keep printing money to buy bonds it will lead to inflation and after a year or two, the dollar will fall hard…”
Related Posts: Shame doesn’t appear to be part of the
Era of Red Ink Via The Washington Examiner
It’s the Deficit, Stupid by Dick Morris
Tea Party Express Roars to DC
Via The Washington Times