Rajjpuut's Folly: CBO Analysis: by 2020, Obama Budget Will Bankrupt Nation

National Debt Will Grow to 90% of Gross Domestic Project by 2020

You can fool some of the people all of the time, all of the people some of the time and the Congressional Budget Office too much of the time. However, just as it’s not nice to fool Mama Nature, sooner or later the CBO usually does the job they’re paid to do and the fooling around stops. After showing the testicles of an emasculated amoeba and failing to stand up to the Obamacare budget projections last week, this week the CBO finally stopped squeaking liking mice and stood up like men and after projecting Obama’s budgets out into the future said:

http://www.cbo.gov/ftpdocs/112xx/doc11231/frontmatter.shtml

The CBO's preliminary analysis indicates the following:

If the President’s proposals were enacted, the federal government would record deficits of $1.5 trillion in 2010 and $1.3 trillion in 2011. Those deficits would amount to 10.3 percent and 8.9 percent of gross domestic product (GDP), respectively. By comparison, the deficit in 2009 totaled 9.9 percent of GDP.

Measured relative to the size of the economy, the deficit under the President’s proposals would fall to about 4 percent of GDP by 2014 but would rise steadily thereafter. Compared with CBO’s baseline projections, deficits under the proposals would be about 2 percentage points of GDP higher in fiscal years 2011 and 2012, 1.3 percentage points greater in 2013, and above baseline levels by growing amounts thereafter. By 2020, the deficit would reach 5.6 percent of GDP, compared with 3.0 percent under CBO’s baseline projections.

Under the President’s budget, debt held by the public would grow from $7.5 trillion (53 percent of GDP) at the end of 2009 to $20.3 trillion (90 percent of GDP) at the end of 2020. As a result, net interest would more than quadruple between 2010 and 2020 in nominal dollars (without an adjustment for inflation); it would expand from 1.4 percent of GDP in 2010 to 4.1 percent in 2020.

The yearly interest on the national debt as a budget entity by 2020 would prohibit virtually any semblance of normalcy. And that's NOT diminishing or paying down the debt, just paying interest upon it. As all truly aware citizens know, the reason for the upcoming drops in deficits shown by the CBO are that a series of new front-loaded taxes are about to be sprung upon the nation (great idea during a recession, eh?) to pay for Obamacare and all the projections for incredible benefits from Obamacare all the while cutting deficits is based upon the most optimistic possible scenarios for economic bounce-back.

Since the “jobs-president” rather than concentrating on jobs has been doing everything possible to annihilate jobs with his jobs-busting economic policies . . . it is very possible that the economic situation come 2020 may be considerably much worse than the CBO projects. Since the president has a whole deskload of initiatives like amnesty and citizenship for illegal aliens on his plate that are all very expensive GIBs and GSBs (Government Interference and Government Spending Boondoggles) . . . it is very possible that the economic situation come 2020 may be much, much worse than the CBO projects. Since Obama is looking to make many more “fundamental transformations” to this country . . . it is very possible that the economic situation come 2020 may be much, much, much worse than the CBO projects. It does NOT appear that Obama is through spending this year or ever.

Rajjpuut suggests three new Amendments to the U. S. Constitution (1. Obamacare and all its effects be immediately repealed 2. Federalism Amendment prevents country from passing laws that state governments must pay for such as Medicaid which is set to bankrupt every state by 2020 3. Federal spending be limited to 12.5% of the previous year’s GDP); that come November the voters reject all those who supported Obamacare; and that Obama be voted out for incompetence and operating contrary to his oath to “preserve, protect and defend the Constitution of the United States.”

http://www.politico.com/news/stories/0408/9610.html

http://www.politico.com/static/PPM41_eastafrica.html

Visit these two links. Read the words from Barak Hussein Obama, Sr., our president’s father, as he tells us the benefits of 100% taxes for Kenya. He didn't think mere socialism was good enough for Kenya, but that the country needed 100% taxes a.k.a. communism and his non-ending diatribes got him kicked out of government. His son devoted his first autobiography "Dreams from My Father" to that man but took great pains never to reveal his politics. As said and proven in these pages often before, President Barak Obama is a communist and his birth-father, mother and grandfather were all communists. The man is doing all he hoped to do, he is overthrowing the American way of life.

Ya’all live long, strong and ornery,

Rajjpuut


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ALERT ALERT

BREAKING:   Hillary Clinton Donor Ed Buck Arrested After Another Male Overdoses In His Seedy LA Apartment

Democrat donor and Hillary friend Ed Buck was finally arrested Tuesday night after a third man overdosed in his apartment.

The man who overdosed in Ed Buck’s Los Angeles apartment last week survived, however the other two victims previously died.

Ed Buck will be in court Wednesday.

Ed Buck loves to inject young black gay escorts with methamphetamine — the mother of one of Ed Buck’s victims described it as a fetish.

He was finally arrested after two black gay escorts died in his apartment from overdoses.

KTLA 5 reported:

The prominent Democratic donor and LGBTQ political activist Ed Buck was arrested Tuesday and charged with operating a drug house and providing methamphetamine to a 37-year-old man who overdosed last week, officials said.

Buck was charged with three counts of battery causing serious injury, administering methamphetamine and maintaining a drug house, according to the Los Angeles County district attorney’s office. Buck is accused of injecting the victim, who survived, with methamphetamine on Sept. 11.

CBSLA Assignment Desk @KCBSKCALDesk
 

: Democratic donor Ed Buck has been arrested and charged by @LADAOffice. Buck is accused of running a drug den out of his home. @JeffMichaelNews has details on .

Video of Ed Buck getting taken away by Sheriff deputies:

Bill Melugin    @BillFOXLA

BREAKING: Democratic donor Ed Buck has been arrested at his West Hollywood apartment on drug charges, per @WHDLASD. Neighbor on scene tells me Buck is currently in the back of one of the cruisers. Two gay black men previously died of meth overdoses at his apt. @FOXLA

Bill Melugin    @BillFOXLA
 

BREAKING: Here is video of being taken away by deputies following his arrest at his apartment on drug charges tonight. @FOXLA

of another young black gay escort was found at the West Hollywood home of Ed Buck, a top Democrat donor and political activist.

As previously reported, a black gay escort named Gemmel Moore died of a meth overdose at Ed Buck’s West Hollywood home in July of 2017.

The LA County District Attorney’s Office previously declined to prosecute Ed Buck saying the evidence was “insufficient to prove beyond a reasonable doubt that (Buck) is responsible for the death of Gemmel Moore,” which sparked an outrage from family members and others in the community.

Jasmyne Cannick told FOX and Friends nearly a dozen black men have come forward to speak on their experiences with “serial predator” Ed Buck.
Cannick also went off on the Democrat Party: “Over 77% of black people in California vote Democratic. We vote for Democrats.

It is a shame that when something like this happens, when you have the chair of your state party when at the time of this , Eric Bauman, who was willing to turn a blind eye as well as instruct others not to speak on it. As a black woman, as a black Democrat, I expect more from my party.

Last week, a black male was seen entering Ed Buck’s seedy LA apartment.

Update: Top Democrat Donor Ed Buck Charged with Maintaining Drug House – Police Find HUNDREDS OF PHOTOS of Men in Compromising Positions in His Home

Buck was charged with operating a drug house.

According to the LA Times — Sheriff’s investigators found hundreds of photographs in Buck’s home of men in compromising positions.

Jack Posobiec 🇺🇸 @JackPosobiec
 

Sheriff’s investigators found hundreds of photographs in Ed Buck’s home of men in compromising positions

Democratic donor Ed Buck arrested, charged with operating drug house

Buck was charged with three counts of battery causing serious injury, administering methamphetamine and maintaining a drug house, according to the Los Angeles County district attorney's office. Buck...   latimes.com

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