In the first 50 days, he and his Democrat cronies in Congress have managed to spend over $1,500,000,000,000 dollars. That is an average of ONE BILLION DOLLARS PER HOUR.
The government doesn't have a single one of those dollars. A portion will be gained by raising taxes on the 'rich' (although that will be offset by tax 'rebates' to people who don't pay any taxes). The rest will be debt financed by China or other foreign countries. If those countries won't foot the bill, then the treasury will just have to print it, creating high inflation.
Don't worry, though. It's just money. Figures as high as this are just abstracts - they don't mean anything to the average American, because they are too large to comprehend.
Comprehend this -
- Current world population figures show about 6 billion folks on this planet. Obama's spending in this 50 day period equals $250 for every man, woman, and child on the face of the earth.
- With about 300 million people in the US, that equals $5000 for every man, woman, and child inside our borders.
- Using Congressional estimates that about 45% of Americans pay payroll taxes, that equals $11,111 for every tax payer.
All of this in only 50 days!!!!!!!!!
Cheer up, we've only got 46 more months of this ....