We have had discussions here about the fact that the Obama administration has presided over an unprecedented growth of deficit spending and US debt. Most of us have pointed out things are not good and heading in the wrong direction. Some have argued otherwise. This administration looks like it wanted to settle the argument once and for all:
WASHINGTON (AP) — The federal government ran a bigger deficit in January, pushing the imbalance so far this budget year up 6.2 percent from the same period a year ago.
The Treasury Department said Wednesday the deficit for January stood at $17.5 billion compared to $10.3 billion a year ago. For the first four months of the budget year that began in October, the deficit widened to $194.2 billion from $182.8 billion during the same period last year.
The budget deficit has gradually narrowed since 2012, which was the fourth straight year in which it topped the $1 trillion mark. The improvement reflects the country’s economic recovery from recession. The government is seeing higher tax revenues as people go back to work and smaller payments for safety-net programs such as unemployment assistance. It also represents efforts by Congress to control deficits through higher taxes and across-the-board spending cuts.
First off, the AP political hacks are full of shit when they pretend there has been an economic recovery of any kind. These assholes have been playing fast and loose with the numbers for 6 years now to convince people that the idiotic tax and spend, big government nanny-state, central planned practices favored by the collectivists in charge, actually work. But the facts are that the only people doing well are the super-rich and the freeloaders. And of course the political class has really raked in the dough and drastically expanded their ability to lord it over us serfs. The middle class however, is getting hammered. The number of employed people in this country is at an all-time low, and the trending shows that it will go lower despite all the efforts to pretend otherwise. The number of freeloaders has also hit a new record, and the trending shows that it will continue to go up. The really rich, the people the left loves to pretend to hate, are raking in the cash. The country is being invaded, by design, and with help from the nanny-state entities in our government that want to fundamentally change the balance of power by making the freeloader class undefeatable at the polls. That’s “social justice” and the signs of an economic recovery for the left I guess.
Recovery my fucking ass. And the government is raking in a ton of cash in taxes despite their actions and efforts, mostly by fucking over businesses and the upper middle class. The point that should never be lost is that the left will never lower spending. These excuse makers responsible for this propaganda piece masquerading as news all but admit that they are cool with the insane jump in spending, because the tax revenue is up! The label “Tax and spend” is absolutely accurate. I bet they saw a projected 3% jump in revenue, so they did a 6.2% jump in spending. That’s what leviathan does.
We need to get rid of the collectivists and dismantle the “vote for a living” state they have created before the whole house of cards comes tumbling down.