

The White House now confirms that the national deficit will likely reach upwards of $9 trillion dollars in the next ten years or so due to the new programs passed by President Barack Obama and both Houses. And this doesn’t even include if they get to pass their Health Care Reform which is projected to cost over $1 trillion dollars by itself. The White House representatives say this is due to the severity of the recession. I say it is due to the government getting too involved. Had they let the recession work itself out at least the national deficit would have not been so severe and the American people could look forward to keeping the money they work so hard to earn.

Of course, now President Obama and the Democrats on board with him want to pay for all of this and the health care reform by, you’ll never guess, raising taxes. Oh wait, didn’t Obama run on a promise NOT to raise taxes on the upper middle class and lower? That won’t happen now. There is a lot of discussion on raising taxes on everything like fast food, anything with sugar, more on oil, rental properties, eliminating itemized tax deductions, and several others on the oil industry which means even higher than seen before gas prices. If you think this doesn’t apply to the common citizen, think again. Aside from the high gas and consumer goods prices, most of these taxes are going to be on your employers and landlords. This means less pay for you, or no job at all, and higher rent payments. Yep, Obama sure is fixing the economy! Fixing it for doomed failure.

This opinion is based on the following articles:

For many more months than most of us have bothered to keep track we have been in what most would call a recession. I have been blessed enough to feel little of this, but have many friends and neighbors who have lost jobs and homes. President Bush got the ball rolling by passing the first stimulus package and then President Obama passed a much more dramatic package sending America into the greatest amount of debt this country has ever seen.

Here is my question to you; is the economy “heading in the right direction” as stated by President Obama, or is it getting worse as the polls and news seem to point? My personal opinion is that with the amount of spending done it can only get worse. The jobs that were created by the stimulus package were very short term and are not enough to sustain any type of growth. I think it should have been left alone by Bush and Obama to work itself out. The first link is a speech that Obama gave regarding the economy approximately a month ago. The links following that are just a fraction of the most recent headlines that show just what direction the economy is really headed.

Obama Speech:

Related Links:

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