From Forbes: “The President is not as nuts as he may seem at times. He knows very well that he is not a careful spender. His whole mission is to transform the U.S. not into a Big Government country, but a Huge Government country, because only a country run by a Huge Government can be satisfactorily controlled by superior, all wise and beneficent individuals like himself. That is why he is at minimum a Swedish socialist, if not worse. Notice, though, how far behind the times he and his weak minded supporters are, as even the Swedes have abandoned Swedish socialism as a failure.”
On our current course, under President Obama’s budget policies, federal debt held by the public rockets to 140% of GDP by 2030, 220% by 2040, and 320% by 2050, on its way to over 700% by 2080. That would undoubtedly create a Grecian style sovereign debt crisis for America before that point.
So which course will you choose America?
Read article here: http://www.forbes.com/sites/peterferrara/2012/06/14/president-obama-the-biggest-government-spender-in-world-history/
John Featherstone
Marshall Foster- World History Institute
Jennifer Featherstone
