There is one campaign promise that President Obama is definitely keeping and sticking to his guns...spending. Instead of the $1 trillion that he estimated before the election; with his new budget, after being in office just sixty days Obama's budget proposal is estimated to be over $3 trillion! The Congressional Budget Office last week estimated Obama's plan would cost more than $9 trillion over the next 10 years.
Former GOP presidential candidate Fred Thompson told CNN's John Roberts on Wednesday that he wants Obama's policies that "I believe take us in the wrong direction to fail."
"If he takes us down the road of tripling our national debt in 10 years and making us vulnerable to higher interest rates and higher inflation, and things of that nature, I want all those policies not to succeed," he said.
A part of me asks the question is this all a conspiracy to lead our nation to socialism or is it just plain ignorance on Obama's part? I hope it's just ignorance and his lack of inexperience. Big government spending and higher taxes is NOT the way to get out of a recession and to promote economic growth. Tax cuts for individuals and tax breaks for businesses will make the economy soar. I don't see how President Obama doesn't get this concept or understand it. God help us all.
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