Obama's Budget Is A Ridiculous Charade: Doug Casey
"The thought of having a budget when you're already bankrupt and digging the hole deeper at the rate of $1.5 trillion per year is a ridiculous charade. If you use accrual accounting the deficit would actually be $3 trillion to $4 trillion dollars a year. The acknowledged debt is $16 trillion but there's actually much more, the numbers go up to $200 trillion if you account for all kinds of other liabilities like Medicare, Medicaid, Social Security and numerous other things".
Obama's solution to the out of control US debt problem is ingenious....Increase taxes on any and everything that he can on the people that are working and running business. That way those that work can pay for more and more people that are taking advantage of our over generous entitlement systems that have been pushed by local, state and federal government workers, unions, Democrats and progressive liberals. Now, unmotivated, unscrupulous, low principled and lazy people can stay at home and make more money by taking advantage of all of the available entitlement programs than doing a honest days work for an honest days pay.........
Truly a very sad situation for our children and grandchildren that will be paying the price in the not so distant future.