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News Link • Economy - Economics USA

Obama Must Convince Public He’ll Cut Debt

• Roll Call

With the public debt due to reach 100 percent of gross domestic product next year — and heading toward record levels — Congress is making the pivot now, much to the distress of liberal economists and the Obama administration.

With unemployment still at 9.7 percent and with growth projected to be no more than 3 percent to 4 percent in coming years, the administration desperately wants Congress to approve more stimulus spending.

1 Comments in Response to

Comment by Ross Wolf
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Historically, when leftists like Obama have been elected to government, they thrive like cancer—target healthy democracies, appoint to courts and judicial bodies individuals that may help, in the destruction of a nation to advance their leftist ideologies. Obama so far has been successful at undermining the U.S. economy to the point, people are afraid to invest, afraid to hire new employees; Obama intends to hugely raise taxes to pay for expansive public welfare programs. Obama is a red diaper baby that inherently does not represent Americans, but a Marxist ideology—that mandates forcing socialism on Citizens—even if that means destroying their economy in addition to abolition of their Constitution. If Obama spends America into bankruptcy, it is foreseeable millions of disparate Americans might accept, even welcome a hybrid form of Marxist/socialism.


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