$20 TRILLION IN FEDERAL DEBT IF WE GET 4 MORE YEARS OF OBAMA

The C.B.O. (Congressional Budget Office) announced that the U.S. is facing $20 Trillion in federal debt by 2016 if the country continues on it's current fiscal path(4 more years of Obama).  This means that Obama will continue to spend & borrow in excess of  $1 Trillion a year more than the government receives in taxes. I heard a news report this week (unconfirmed) that just the interest the government pays on our current debt is over $1 Billion a day! The federal government collects more than $1.3 trillion in taxes each year, so we don't have a collection problem, we have a spending problem.


 The American government is broke and living off borrowed money from communist China, yet the Obama administration is current running national advertising encouraging people to sign up for free cell phones($11 Billion program for 12 Million people last year), food stamps (we already have 47 Million people receiving food stamps) and Medicare prescription programs.

Four more years of Obama will mean continued high unemployment, continued sluggish economy, continued borrowing from foreign countries, continued high food, electricity & gas prices. Any individual, family, company or nation cannot prosper or even survive long-term by operating like this.

It is time for the Obama train wreck to be permanently derailed on Nov. 6.