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:
How many days are left for obama? Far too many
Let’s buy my way to get elected. Says the zodiac killer twins
Thank You CONGRESS !!! If$#%&!@*was electricy congress could not ring a battery operated door bell .
No problem just print more!!!
Its his plan to bankrupt America and congress is helping him
It has to be stopped. Both parties are OUT OF CONTROL! It is time.
NO MORE DEMOCRATS OR RINOS.
Thieves
When your out go, exceeds your income, your up keep will be your down fall ! Period – End of Story !
Obamas agenda is vengeful hateful and racist . He wants this country to fail and fall flat on its face so we can be easily takin over and turned into a Islamic nation are you fucking people blind !