Obama’s $54 Billion Dollar Bailout Guarantee For The EU


The U.S. Federal Budget Deficit is about $13 Trillion Dollars give or take a hundred million or so.

Since Obama became President despite all of his (broken) promises that he would cut the federal budget deficit the national debt has Quadrupled during Obama’s watch.

With nearly a 10% unemployment rate less revenue is going going into the U.S. Treasury.

Democrat-Socialists love spending other peoples money and have now promised the European Union that the U.S. will guarantee $54 Billion of their debts obligations why are the American Taxpayers now bailing out Europe?

We don’t nearly have enough money to pay our own debts that are bankrupting our nation.

Related Post: Our Unsustainable Debt: America is on the verge of financial disaster

This entry was posted on Tuesday, May 11th, 2010 at 4:08 pm and is filed under Barack Obama, Budget Crisis, Economy, Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Obama’s $54 Billion Dollar Bailout Guarantee For The EU”

  1. Tweets that mention » Obama’s $54 Billion Dollar Bailout Guarantee For The EU Cristy Li -- Topsy.com says:
    May 11, 2010 at 4:36 pm

    […] This post was mentioned on Twitter by Cristy Li. Cristy Li said: Obama's $54 Billion Dollar Bailout Guarantee For The European Union http://www.cristyli.com/?p=8016 […]

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