In 2009, Washington will spend $30,958 per household–the highest level in American history–and under President Obama’s budget, the figure will rise above $33,000 by 2019.
The White House brags that it will cut the deficit in half by 2013. The President does not mention that the deficit has nearly quadrupled this year. Merely cutting it in half from that bloated level would still leave budget deficits twice as high as under President Bush.
The public national debt–$5.8 trillion as of 2008–is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.
And now for the real kicker: none of these numbers include the costs of Obamacare which would create another $1.5 trillion health care entitlement on top of our existing unsustainable entitlement obligations.
For those who say we really need the health care and other entitlements the government wants to 'give' us I have to ask: What about our children and their children? Are they entitled to the higher taxes to help pay for all of the 'free' stuff? Do people actually believe that the government running health care won't raise all of our taxes? Perhaps those in favor of a government takeover of health care should stop thinking about the right now and think in terms of this country ten or twenty years from now.
Beginning tomorrow I will be examining H.R. 3200 and you will be able to determine the ramifications to your family for generations to come.
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