PROFLIGATE, RECKLESS SPENDING BY OBAMA

My last post described a large number of examples where the Obama administratioin is harming business -- the engine of our prosperity and jobs -- through incessant investigations, lawsuits, crushing regulations and pronouncements.  He is killing, not creating, jobs.  (Funny, you don't hear him spouting about the three million jobs he created or saved any longer.  It was a bald-faced LIE.)

Now I will present a continuous scoreboard of the man's insane, drunken-sailor spending of your money and mine.  All borrowed from China and others, to be repaid in the future by some magical means.  He has increased spending 21.4% during his two years in office.  That's $628,000,000,000.  The national spending were in each year records.  $3,520,000,000,000 ($3.5 trillion) and $3,450,000,000,000 (also $3.5 trillion, rounded.)  In each case the figures were $1,420,000,000,000 and $1,290,000,000,000 more than the government took in.  Cumulative deficits those two years -- $2,710,000,000,000 (That's $2.7 trillion)!!!

That man knows how to spend.  Too bad he doesn't know how to earn.

The total INCREASED spending on student aid around $70,000,000,000 (up nearly 50% since he took office, and as would be expected by any rational person with all that money flowing into education, bureaucrats are getting it and increasing prices -- tuition's up around 5% a year for at least the last ten.)

ANOTHER $2,500,000,000 ($2.5 billion) for passenger rail projects, mostly to California and Florida.