11-07-2012, 04:05 PM
Obama has no solution to the current problem except more government spending. That in turn compounds the bigger problem of sovereign debt and unfunded liabilities, because there is not enough revenue coming into the coffers to pay for it. Add to that the expenses of Obamacare that will kick in the next year or two, and watch the debt balloon to over 21 trillion before the next presidential election.
Economic growth would help, but again Obama knows nothing about it and has not been able to get the economy moving after four years. In fact, he wants to tax potential job creators at a higher tax rate to help pay for the government spending he wants to continue. That will slow the economy further... look for the next recession to officially begin in a few months bringing more layoffs and higher unemployment.
We're fucked people. The result from the election yesterday guaranteed it.
Economic growth would help, but again Obama knows nothing about it and has not been able to get the economy moving after four years. In fact, he wants to tax potential job creators at a higher tax rate to help pay for the government spending he wants to continue. That will slow the economy further... look for the next recession to officially begin in a few months bringing more layoffs and higher unemployment.
We're fucked people. The result from the election yesterday guaranteed it.