Obama Sets Spending Record

Gary Bauer, Contributing Author: The Obama presidency has certainly been a time of firsts and broken records. Obama smashed the record for campaign spending in his bid to win the White House four years ago, and he won a historic victory.

But with all the hype about hope and change came a lot of broken promises, like Obama's pledge in February 2009 to cut the deficit in half by the end of his first term. He's not even close.

This week the Congressional Budget Office estimated that the deficit for this fiscal year will be $1.1 trillion. That's another first for Barack Obama -- the first time in our nation's history we have ever run deficits in excess of $1 trillion four years in a row.

This is absolutely staggering, friends. Obama added more to the national debt than every U.S. president from Washington to Reagan combined -- just in his first 19 months in office! And what do we have to show for it?

Today it was reported that claims for jobless benefits rose once again. And, once again, the figures for the previous week were also revised upward. Obama and his socialist allies insist we need to spend more to stimulate the economy.

But they promised us that spending all this money would lower the unemployment rate to 5.6%. Instead, it's now 8.3% and higher today than when Obama took office. Yet another broken promise.

And please, friends, don't fall for Obama's class warfare rhetoric that if only we taxed the rich a little more we could pay down the deficit. As we have noted repeatedly, Obama's tax increases on the rich amount to a drop in the bucket. If you are a visual learner, check out this video.

The New York Times recently reported that economists estimate raising taxes on those making $250,000 or more would raise about $85 billion a year. Well if the deficit is $1,100 billion, that leaves Obama $1,015 billion short. Where will he get the rest? From you!

Can you afford four more years of Barack Obama?
-------------
Gary Bauer is is a conservative family values advocate and serves as president of American Values and chairman of the Campaign for Working Families.

---

Tags: Barack Obama, spending record, Gary Bauer, Campaign for Working Families To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!