I Wish I Had a Credit Card Like That!

Posted By Bobby Eberle On May 12, 2009 at 7:22 am

Want a new car? You got it. Need a new dress? Done. How about a new flat-screen television? No problem. Oh, what's that? You don't have the money for it? A minor detail.... We can fix that.

Imagine buying anything you want, regardless of your budget. The federal government under Barack Obama is not only imagining it, it's doing it. And it's doing it to the tune of borrowing nearly 50 cents for every dollar it's spending. Could you run a household like that? Imagine spending $100,000 per year, when you make $50,000. The federal government can do it... why can't you?

The federal government is already in a hole. The Bush administration did its fair share of continuing the practice of deficit spending, but make no mistake -- Obama and company are completely rewriting the record books. They are spending more, and doing it in a shorter period of time, than any administration... ever!

As noted in the Associated Press story US to borrow 46 cents for every dollar spent, "The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates."

That's right. With the new analysis coming out, Obama's $3.6 trillion budget for 2010 is "paid for" by borrowing $1.8 trillion of it. Can everyone understand these numbers? This is an unsustainable path!

Remember Obama bragging that he was trimming the budget, because he planned to cut $17 billion in "wasteful or duplicative programs?" That entire "savings" was wiped out by the new budget deficit projections. Hey... Washington! I have a plan for you... Stop spending so much!

At no period over the next ten years is the annual budget deficit expected to be LESS than half a trillion dollars. And Obama keeps announcing more spending and more government. Next on his list is health care. Of course, he will try to tax the "rich" which just means more money taken out of individual's pockets... Individuals who hire people, purchase goods and services, and fund just about everything else in government.

Raise your hand if you think government involvement in health care will result in more efficiency, higher quality, and lower costs? Whenever government gets involved, costs grow! Red tape grows! We shouldn't be paying for it, and we certainly can't afford it.

With Obama's programs and the debt he and the Congress are amassing, the only recourse will be to raise taxes on everyone and everything. This means less choices and less freedom.

Is this how you run your household? And yet the American voters were fine with turning over America's household to these socialists. This is what we get. Obama is spending us to the point where even tax increases will not get us out. The spending must stop, and it must stop now. Cut the programs. Return government to the core functions for which it was intended, and let the American people keep their hard-earned money. Most of us can certainly run a household better than this.

~~~~~

There are videos on the web page. I chose not to put those with this post, but you can find them here.

I've been saying this for, gosh! I don't know how long. The Federal government has to start working under budget. If I want (or need) extra money, I have to earn it somehow. I take overtime, have a yard sale, whatever it takes and whatever I can get.

Like most Americans, I live on a fixed income (and yes, I know that term usually applies only to retirees, but it applies to nearly everybody). I have a full-time job, but I don't get raises when groceries, gas, or my electric or insurance goes up. And I didn't get a raise this year at all because the county coffers are lower than usual.

I have to work with the money I have, not with the money I'd like to have. The poor economy hasn't hit me as hard as it's hit others, but I'm feeling the pinch, too. I've had to rethink purchases and repairs on my condo.

Maybe it's time for the Federal government to remember that they are also allegedly working under a budget when they authorize unnecessary $320,000 fly-overs for photo ops or spend money foolishly.