** Barack Obama already signed the largest spending bill in the history of the planet.
** Obama’s budget more than doubles the national debt held by the public, and adds more to the debt than all previous presidents — from George Washington to George W. Bush — combined.
** Barack Obama managed to spend more than the wars in Iraq and Afghanistan combined.
** Obama and democrats have already saddled America’s children and grand children with massive debt. Not that this bothers them.
** Barack Obama is on track to spend more money than any person in the history of Earth.
** The US debt is so large that America couldn’t qualify to join the EU if it wanted to.
** President Obama expects the deficit level to be 12% of GDP this year larger than Great Britain’s record 10% deficit to GDP.
According to Heritage, Obama will quadruple the deficit this year.
Which brings us to this news today–
Governors Mark Sanford (R-SC) and Haley Barbour (R-MS) hammered Barack Obama today for his out of control taxing and spending.
In a look ahead to the 2009 and 2010 elections, Govs. Mark Sanford (R-SC) and Haley Barbour (R-MS) hammered the Obama administration for what they described as out-of-control taxing and spending.
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In a conference call with reporters, both reacted to what Sanford called the “This way or no way” stimulus relief. Sanford, chairman of the Republican Governors Association, criticized the many federal mandates and called for a “military model” that “is all about giving local authority to local commanders because their eyes and ears are on the ground.”
Barbour, vice-chairman of the association added, “A lot of people who wanted a stimulus think that this is too much money.” He used the firing of General Motors President Rick Wagoner as an example of Obama going to the “extremes” on federal power.
While the Obama stimulus dominated the discussion, Barbour was quick to point out that “it is not just the stimulus that has people upset”. He called the administration’s cap-and-trade energy plan “the largest tax increase in American history” that will “fall primarily on the middle class and the poor.”
Sanford added that pocketbook issues are “bubbling up” and spoke about the associated costs with the health-care system Obama is proposing. Sanford said yesterday’s tea parties were a sign of “a growing consensus that says the Obama administration is out of bounds with regard to the spending it proposes.” He said Republicans should not ignore the tea parties. “It is in the best interest of Republicans… to talk about things that are important to the people they represent,” he said.