Obamanomics deficit spending is absolutely irresponsible and Barack Obama knows this:
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama
“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul
Barack Obama tripled George W. Bush’s deficit!
Change you can believe in!
– The Tax Foundation computes the income tax rates necessary to close the deficit:
November 2, 2009
Source: TaxProf Blog