At last, the government is admitting what conservatives have been saying all along: debt has not only increased under Obama, but it will continue to long after he leaves office due to his reckless policies.
After looking into the issue, the Congressional Budget Office published an alarming report on Monday that concluded the federal government will likely be looking at $30 trillion in debt in the next ten years. This prediction is one of the most disturbing of it’s kind and has it’s basis in numerous variables.
While the CBO report cited a rise in the number of elderly people as well as tax and spending cuts as contributing to this massive debt, it also mentioned Obamacare as a major financial burden, increasing the debt significantly and reversing gains the government has made in fixing a troubled economy.
It doesn’t help that the Obamacare, contrary to what the president’s sycophantic followers said would happen, has failed to meet it’s goals by any standard. Not only has the amount of people using the system’s exchanges plunged by almost 40%, 11 million customers will receive taxpayer subsidies this year, a marked contrast to the the “efficient” and “cost-effective” program Obama described,
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If the next president will make medical and recreational marijuana legal in all 50 states. Then there will be no tax deficit in the next 8 years. Save alot of wasted money
If we just repeal NAFTA CAFTA the Trade deficient will become a Trade plus.
It’s $19trillion now. If old Bernie gets in, his tax hikes will definitely raise or national debt to over $30 trillion. Socialism, Marxism, communism are closely related. How are we to pay our debt? … with 80 to 90 percent of your paycheck going to taxes. The rich will get richer while you get poorer… so.. think about who you really want for president before you vote. Get all the facts first.
thanks nancy. now we see whats in it.
It’s has worsen now then ever before, If Bernie takes office, it will be a LOT worse then now
We can’t do much about Obama now, BUT we sure the Hell can vote OUT this Worthless Congress!!!
Obamageddon!!!
A recent poll stated 20% of Democrats will cross party line and vote Republican because they could NOT vote for Hillary!
Have you seen trumps tax plan an analysis showed we would have an extra 26 trillion debt in 15 years after trumps run
Totally unconscionable!!!
Doesn’t all this make you want to hurl or up chuck or vomit or whatever word you use?