Home  |  Articles  |  Exclusives  |  About  |  Links   |  Search  |  Contact

.

Obama Pushes Congress To Pass $1.1 Trillion In New Spending

December 15. 2010

Barack Obama

U.S. President Barack Obama is pushing Congress to pass $1.1 trillion in new spending, with the erroneous idea it will stimulate the failing economy. However, it stands to reason, after a few trillion in spending over the past two years failed to remedy the economic crisis, more red ink shall not repair the problem. These spending patterns are clearly going to continue throughout his presidency, leading to a deeper financial pit of toxic debt.

Obama is set to meet with business leaders next week, imploring them to increase hiring and spending. He has given them a fortune in taxpayer money, but approximately $2 trillion in funds are being hoarded to the detriment of the nation. A portion of the funds have been stolen and misappropriated as well.  

RELATED ARTICLE

Bernake Defends Reckless Spending

Obama Calls For Job Summit

U.S. Jobs Lost Not To Be Replaced Until 2020

Joe Biden: We Can't Replace The 8 Million Jobs Lost

GDP Data Shows The Recovery Failed

Unemployment Up To 9.8%

U.S. Unemployment Continues To Rise

The Benefits Of Government Cost Cutting

.

 


© Copyright 2007 - 2014 Aisha. All Rights Reserved. Web site design by Aisha for Sonustar Interactive

Aisha | Aisha Blog | Aisha Blog Archive | Goodison Trust | Sonustar | Sonustar News | Judiciary Report | Sound Off Column | Celluloid Film Review | Consumer News Reviews | Compendius | United Peace Initiative | Justice And Truth