April 2010

Out of control spending: Obama splurging over 30 percent of our GDP

With the massive amount of spending by the federal government, it is clear that we are on an unsustainable path to destruction.

The Obama Administration has been spending money like a freshman with his first credit card; unbeknownst to him, he will have to pay it back in the very near future with interest.

The Troubled Asset Relief Program (TARP) used by the past Bush Administration infused public money into private enterprise, and the floodgates were opened to a range of big spending.