armstrongeconomics.com / By Martin Armstrong /
Obama wants MORE tax increases and no spending cuts. This man is totally insane. He must have taken the little bus to schools because his logic is anything but logic, and his observation powers are myopic for he cannot see what France is doing. His constant insane rantings against anyone who has money should cough it up rather than he reduce a single dime in spending is nuts. All the job cuts will be in the PUBLIC sector. About time! The average family REQUIRES two incomes because they have to support a 45 year old orphan they never raised but insists they must pay him because he wants to retire. There is a government employee for every family! They use to raise money asking you to adopt a poor child in a foreign land. Hey – we did that, but we kept it home! Obama said:
“If Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness. It will eviscerate job-creating investments in education and energy and medical research,” Obama warned in a speech at the White House, flanked by emergency workers. “It won’t consider whether we’re cutting some bloated program that has outlived its usefulness or a vital service that Americans depend on every single day.”