Obama’s Deficit Roulette: Spend Now and Pay Forever

Every improvement is the result of change. Not every change is an improvement. The Obama administration’s aggressive plans to change America are not an improvement. He keeps saying his plan to transform our tax and economic system, our health system and our energy system are essential to inventing a vibrant future for America…in the absence of any evidence that his plan will or is working. He calls those who resist his changes radical, out-of-touch, Fox News-driven conservatives who only want the status quo. Most who have joined the chorus against his plans at town hall meetings and tea parties are not extremists or mobs. They’re informed citizens waking up to what is happening in Washington, and they’re furious about the damage being done and the deficit roulette future generations will face.

President Obama loves to promise new entitlements but refuses to address how he will pay for all this government largesse! The current deficit is over $11.7 trillion. Visit usdebtclock.org and watch your share of that debt grow by the second. The White House itself projects $9 trillion will be added to the deficit between 2010 and 2019. The Congressional Budget Office, taking into account the end to the Bush tax cuts, estimates only $7 trillion. Visit cbo.gov/ to understand the deficit projections and the Social Security shortfall that is anticipated.

What’s worse is that these projections are way too rosy. The Wall Street Journal editorial board warns: “Many of the current budget assumptions are laughably implausible.” His plans won’t save money; they’ll just explode our debt. His motto seems to be “Spend Now and Pay Forever!”

Mr. President, stop making expensive promises for more entitlements, more cash for clunkers of any kind, more stimulus packages, more cash for first time home buyers and more bailouts for companies that deserve only to go bankrupt. Giving away money may be popular with those receiving it, but you don’t seem to care about the tax payers who will be paying for the massive debts you are unleashing.