President Obama's proposed budget:
- Will Nationalize all income above $250,000
- Wants to totally Nationalize healthcare
- Is in the process of Nationalizing our banks
- Nationalizes student loans
- Nationalizes sales taxes on energy production
- 66 Trillion unfunded liability
- No fiscal responsibility whatsoever on the real entitlement spending
- No plan to get out of debt systematically
- Caps discretionary spending at prior raised levels
- Unsustainable deficit that is 4-5% of the GDP
- Public Debt at 80% of the GDP
- Will devalue our dollar since it is unsustainable and people will not want to buy our debt
- Raise taxes and force inflation
This is generational theft and a burden being left to our kids that neither we nor they can sustain.