Thanks, in part, to the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to put into proper perspective just how unbelievably reckless and thoroughly wasteful the Barry "Almighty' years have really been. Here’s kinda where we’re at now. Try to picture this, under Barry, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year. Ya still with me?
So to put this in even simpler terms in an effort to make it so simple that even a brain dead liberal can understand it, for every Jackson ($20) we’ve had available to spend under Barry, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too. The only thing is that, again under Barry, we’ve (literally) spent the equivalent of 342 Billion Jacksons, 342 Billion Hamiltons, and 342 Billion Washingtons and that's after having borrowed all of the Hamiltons and Washingtons. Liberals, you still me?
Let’s take a look at the scorecard, based on the ‘official’ government figures. In fiscal year 2012 (which ended on September 30), the federal government acquired $2.449 Trillion in tax revenue and other receipts. It spent $3.538 Trillion — 44 percent more than it had available to spend. The resulting deficit was $1.089 Trillion. In fiscal year 2011, the federal government acquired $2.303 Trillion in tax revenues and other receipts. It spent $3.603 Trillion — 56 percent more than it had available to spend. The resulting deficit was $1.3 Trillion.
In fiscal year 2010 the federal government 'acquired' $2.163 Trillion through tax revenues and other receipts. It spent $3.456 Trillion, or 60 percent more than it had available to spend. The resulting deficit was $1.293 Trillion. And back in fiscal year 2009, which was, for the most part, President Bush’s fiscal year (his final one by the way), Barry’s economic "stimulus" added $183 Billion to the deficit (it would add far more in future years), on top of the deficit that we were already running that year under Bush.
So all in all, under Barry "Almighty", the federal government has acquired $6.846 Trillion in tax revenues and other receipts, and it has spent $10.711 Trillion, or an astounding 56 percent more than it has had available to spend. Moreover, Barry has amassed this historic record of fiscal extravagance even before his centerpiece legislation has really taken effect. If it’s not repealed first, the colossally expensive Obamacare is poised to present grave new challenges to our fiscal solvency — and to our liberty — once it would become a reality on these shores in early 2014.
With one fiscal year of this disastrous presidency still to come (regardless of the outcome on Election Day, fiscal year 2013 will belong to Barry) — along with the specter of Obamacare looming — our national debt is now over the inconceivable amount of $16 Trillion. That’s more than $6 Trillion higher than it was during the first presidential debate of 2008, when Barry bemoaned what he then referred to the "orgy of spending and enormous deficits" under Bush. Yet Barry, who recently demonstrated just how clueless he is regarding the size of our national debt, amazingly says of that debt, "[W]e don’t have to worry about it short-term." In other words, if you have $7, spend $11 — let future generations of Americans worry about it. So that’s his plan?
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