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

INCEST? Official High School Records Support Claim That Democrat Ilhan Omar Married Her Brother

Ten years ago, in February 2009, Democrat Ilhan Omar married her biological brother.

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Wojciech Pawelczyk 🇵🇱@PolishPatriotTM

Minnesota Press Raises Questions About Ilhan Omar's Former Marriage

Ilhan Omar won a historic victory in 206 over 44-year incumbent DFL Rep. Phyllis Kahn.

Ilhan Omar built a vast coalition of East African voters to defeat the incumbent in Minneapolis.

The liberal media forgot to mention Ilhan was married to her brother.

Power Line reported:

A reader has written us to point out that the Somali website Somalispot posted information last week suggesting Omar’s involvement in marriage and immigration fraud. The post notes that Omar married Ahmed Hirsi in 2002. Hirsi is the father of Omar’s three children. Omar is depicted with Hirsi and their children on Omar’s campaign website.

The post further notes that Omar married her brother Ahmed Nur Said Elmi in 2009, implying that the latter marriage assisted his entry into the United States. Her brother was a British citizen. “As soon as Ilhan Omar married him,” the post continues, “he started university at her [a]lma mater North Dakota State University where he graduated in 2012. Shortly thereafter, he moved to Minneapolis where he was living in a public housing complex and was later evicted. He then returned to the United Kingdom where he now lives.”

Ilhan Omar was elected to be a State Representative for District 60B November 8, 2016 and took her oath on the Quran.

In 2017, several months after Omar’s marriage history briefly created a national news item, Omar quietly petitioned family court for a default divorce, claiming she could not locate Elmi.

In October 208 David Steinberg at PJ Media posted proof that Rep. Ilhan Omar did indeed marry her brother back in 2009.

Rep. Omar has stated that she did marry “British citizen” Ahmed Nur Said Elmi in 2009, though the allegation that he is her brother is “absurd and offensive.”

However, according to official student enrollment records archived by St. Paul Public Schools and the state of Minnesota, an “Ahmed N. Elmi” was enrolled as a senior in the Class of 2003 at Arlington Senior High School in St. Paul, MN, from September 6, 2002, until June 10, 2003. He graduated and received a diploma.

And it gets worse…

Congresswoman Ilhan Omar (D-MN) is under investigation for using her campaign funds when she was a state lawmaker to pay for her divorce.

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