Chairman’s Welcome: February 15, 2012
Posted by chris on Feb 15, 2012Dear Friends,
This week, Barack Obama unveiled his Fiscal Year 2013 budget proposal, and the plan was underwhelming – to say the very least. It is no secret that our nation’s economy has been severely hindered under President Obama’s guidance, but we are just beginning to see the true long-term effects of the Democrats’ binge spending.
Under President Obama’s plan, federal spending is expected to increase by more than 50 percent over the next ten years, until our government is spending nearly $6 trillion in the year 2022. Under his Administration’s own budget projections, our national debt will reach $25.9 trillion over the next ten years – an increase of $10.6 trillion due to the President’s spending proposals.
By the end of this year, the Obama Administration is on track to have added $5.7 trillion to our debt during just one term in the White House, more than any other President in American history.
President Obama’s answer to our ballooning national debt? Higher taxes, of course; $1.9 trillion of them, to be precise.
As President Ronald Reagan once said, “The problem is not that people are taxed too little, the problem is that government spends too much.”
The fact of the matter is that while Republicans continue to offer proposals to reduce government spending, create American jobs and stimulate economic growth through small business innovation and job creation, the Democrats insist on spending their way out of our budget crisis. Redundant, I know.
All the while, unemployment remains above 8%, the size of our national debt has now surpassed our nation’s GDP and millions of Americans have lost faith in the competence of our Executive Branch. As the CEO of the United States of America, President Obama has failed as a leader. If America were run like a business, Mr. Obama would have joined the ranks of the unemployed long before now.
In November, the American people have the opportunity to tell Mr. Obama, “You’re Fired!” It is time for responsible leadership, the restoration of the values that have made America great and a new direction for our country. Together, let’s make America great again.
All my best,
Sue



