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Posts Tagged ‘Obama’s Deficit!’

Obama Orchestrates The Collapse of The U.S.?

September 1, 2009 Leave a comment
russiatoday.com reports:

Professor Igor Panarin, whose book “The Crash of America” is just out, claims that by November the book will be yesterday’s news.

Panarin believes President Obama will lead his country to a breakup. Panarin compares Obama to former Soviet president Mikhail Gorbachev.

Panarin is quoted as saying:

Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,

On Obama:

He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion,”

Panarin said, speaking to journalists during the unveiling of his book.

He goes on to suggest that the U.S. will cease to exist by June 2010.

  • U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Why?

Connect the dots.

Secret Process Benefits Obama Pets

August 30, 2009 Leave a comment

A sleepy Montana checkpoint along the Canadian border that sees about three travelers a day will get $15 million under President Barack Obama’s economic stimulus plan. A government priority list ranked the project as marginal, but two powerful Democratic senators persuaded the administration to make it happen.

Despite Obama’s promises that the stimulus plan would be transparent and free of politics, the government is handing out $720 million for border upgrades under a process that is both secretive and susceptible to political influence. This allowed low-priority projects such as the checkpoint in Whitetail, Mont., to skip ahead of more pressing concerns, according to documents revealed to The Associated Press.

It wasn’t supposed to be that way. In 2004, Congress ordered Homeland Security to create a list, updated annually, of the most important repairs at checkpoints nationwide. But the Obama administration continued a Bush administration practice of considering other, more subjective factors when deciding which projects get money.

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US $20 trillion in debt by 2019…. (Just A Reminder)

August 26, 2009 Leave a comment

Obama revises budget estimates.

As you read here last week, Barack Obama’s estimate of the budget deficit was off by a mere $2 trillion. According to the Obama administration, the U.S. deficit will skyrocket to $9 trillion over the next 10 years — $2 trillion more than it forecasted earlier this year.

Add that to the existing $11 trillion budget deficit and you get a $20 trillion national debt by 2019.

Obama’s $9 Trillion Deficit!

August 22, 2009 Leave a comment

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama’s opponents, who say his spending plans are too expensive in light of budget shortfalls.

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.

“Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out.”

The White House budget office will also lower its deficit forecast for this fiscal year, which ends September 30, to $1.58 trillion from $1.84 trillion next week after removing $250 billion set aside for bank bailouts.

Take Note – The 2008 deficit was about $455 billion — $293 billion more than the deficit incurred in 2007. That’s ‘billion’ with a ‘B’. Obama’s deficit will skyrocket to $1.58 trillion…  That’s ‘TRILLION’ with a ‘T’!

Record-breaking deficits have raised concerns about America’s ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating.

Politically, the deficit has been an albatross for Obama, a Democrat who is pushing forward with plans to overhaul the U.S. healthcare industry — an initiative that could cost up to $1 trillion over 10 years — and other promises, including reforming education and how the country handles energy.

DEFICIT WORRIES CONTINUE…

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