The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Political Asylum

URL:  http://boards.fool.com/obama-has-said-we-dont-have-a-spending-problem-30534926.aspx

Subject:  Re: Snowstorm Nemo: denial vs. reality Date:  2/10/2013  1:22 PM
Author:  NemesisToLibs Number:  1858794 of 1960683

Obama has said we don't have a spending problem. He said we have a revenue problem. Well, the revenues will never be able to catch up with his spending.

Obama has painted himself into a corner. He has taxed and regulated the private industry such that the U.S. is incapable of producing the growth that Obama needs to support his excessive spending appetite. In the end, Obama will have no choice but to cut spending to avoid national bankruptcy.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us