Despite taking in record amounts of revenue in tax dollars from the American public it seems that the government remains insatiable in its appetite to spend this money.
Ever since President Obama came into office in 2009 he has added regulation after regulation, further increasing the government’s expenditure of the United States economy. In fact, as of August last year the government consumed a whopping 31% of the nation’s economy.
During Obama’s presidency, the U.S. has seen four out of the top five years of increased regulation in our history. Last summer, the Competitive Enterprise Institute issued a report that indicated that the Evironmental Protection Agency (EPA) alone was working on nearly 3,500 new regulations. These thousands of pages of regulations, along with the trillions of dollars of spending have led to massive debt for the United States government.
And it only gets worse. Just last Wednesday, an auditor for the Goverment Accountability Office (GAO) told legislators that the government is now on track to owe more money in debt than the entire U.S. economy produces.
To read about this alarming report by the GAO and how publicly-owned debt is about to hit historic levels, continue reading on the next page:
THANK MUSLIM OBAMA HE IS THE REASON
Thats how you fundamentally transform
CrashingBanks.com
Thats the obama.hilary cartel way of doing business
Obummers plan to create a civil war ! !
This is exactly why we cannot afford illegals or refugees right now America is broke but Obama won’t be happy until he bankrupts America.
Good, let the dumbasses in Congress pay the debt off out of their own pockets. They are full of bribes and payoffs anyway.
I don’t know what kind of backwards southern excuse for an education was forced on you but…The President can neither approve or disapprove a raise…only congress can do that. And the$#%&!@*re[publicans who run the thing have just voted themselves another one and they are going to use your tax dollars to pay for it….You fuckin’ elected them…..deal with it.
IMPEACH OBAMA.
Can we say Great Depression and Third World Country. LOL Have cameras ready and take a photo of Democrats, for the faces on them will be of shock and awe.