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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (103215)4/21/2011 12:11:13 PM
From: JakeStraw3 Recommendations  Read Replies (1) of 224749
 
The Obama administration has already acknowledged that the national debt will total $15.476 trillion by Sept. 30, the end of the fiscal year. This is the first time since WWII, that the debt will reach 102% percent of the gross domestic product. That’s not 102% of annual revenue to the US Treasury, that’s 102% of the sum total of all economic activity in this nation. This record was created by an spending spree primarily done under the guise of stimulating the economy. It hasn’t. It’s been an abject failure. The only stimulation happened to our Treasury’s printing presses, which are working printing money 24/7. The economy is on life support and together with Obama’s policies of purposeful domestic uncertainty, increased taxes, outrageous deficit spending, increasing the national debt, anti-oil drilling, new business regulations, expanding a bloated bureaucracy, open borders, Obamacare and job killing initiatives.
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