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Posted: 9:36 a.m. Monday, March 29, 2010

EYE-OPENING FIGURES TO START THE WEEK 

By Neal Boortz

Last week brought this country monumental changes, and not for the best. One of the changes was a massive increase in our irresponsible spending and our ever-growing debt. The Democrats will pretend to be worried about the level of government spending in this country. Don't believe them. For now, its all about power. Later, after the 2012 election, they can run in some new taxes to start paying down the debt. (VAT anyone?) The more debt we run, the longer they have you on the dole to pay up. That's exactly what they want - power over you. Now they control your health care. Will that be enough? Hardly ... wait until they control your retirement.

Well .. here's a little post-ObamaCare reality check. These figures won't make you feel warm-and-fuzzy, but they are important to your future and the future of your grandchildren. Let's look at how much each American household owes as their share of our federal public debt. The figures are from the Congressional Budget Office and are based on Obama's 2011 budget.

  • When Obama entered office, $56,000 per household.
  • After one year of Obama in office; $72,000 per household.
  • In ten years .. by 2020; $170,000 per household.

Sound good? There's more, but I don't want to interfere with anyone's reading time for US Weekly. In case you are interested, Obama's 2011 budget will generate $10 trillion in cumulative budget deficits over the next 10 years. Again, CBO numbers.

Now there's some change you can believe in. Ten trillion dollars in deficits. Your children will thank you for the thought you put into your vote in 2008.

 
 

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