From the desk of Johnny Fincioen on Wed, 2011-04-06 14:51 When Democrats had the majority in Congress until the end of last year, they refused to vote a budget for the year starting October 2010 until the end of September 2011. This allowed Obama, as in the previous two years, to create a yearly deficit of over 1.5 trillion dollars. This red ink amounts to 40% of the budget! As a reference: the Belgian deficit in 2010 was 4.1%, which is more than the 3% allowed by European budget rules. The Bush budget for 2007, the last year the Republicans were in charge in Congress: the shortfall was 6%. The total Federal debt in the USA grew obscenely under Obama and his fellow Democrats running Congress, and will equal the value of GNP (Gross National Product) before the end of Obama’s first term. Democrats Risk Government Shutdown
Thursday, 7 April 2011
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