Mr. Obama's 2009-10 federal budget proposal, which totals about $3.6 trillion, is the largest in the United States history and the largest single-year increase ever. Estimates from Mr. Obama's own Democratic Party project a $7 TRILLION deficit between now and 2019. As a frame of reference, in past years, the federal budget deficit, which gets thrown into the ever-mounting federal debt load, averaged about $200-$400 billion per annum.
This is irresponsible socialism. One day -- and this day is fast approaching -- creditors like China and Japan will stop financing the United States government's spending spree. And then the only solution left for Obama and company will be to print even more fiat money, which is a recipe for economic calamity.
So this is the way Amerikkka is going to die: by the bucketful of debased currency...
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