Record-High 71 Percent Disapprove of How Obama's Handling Deficit, Says Gallup

The number of people clinging to the hope and change bullshit is dropping dramatically. While I'm glad that people are starting to see the light, I can't help but wonder what took them so long. It's not a big surprise that obama is destroying our Country bit by bit, he has been doing it since day one.

No matter how bad things get and how obvious it is that is directly related to the business killing, economy killing, job killing policies of this administration, there will always be some who feel obama can do no wrong. We can't change that, and frankly, that's ok. As long as the vast majority of Americans feel the need to change directions, we will be fine...

By Terence P. Jeffrey - CNSNews

In polling done a little more than a week after he signed legislation to lift the legal limit on the federal debt by as much as $2.4 trillion, the percentage of Americans saying they disapprove of the way President Barack Obama is handling the federal budget deficit hit an all-time high of 71 percent in the Gallup poll. 

From Aug. 11-14, Gallup asked 1,008 American adults: "Do you approve or disapprove of the way President Obama is handling the federal budget deficit." Only 24 percent said they approved while 71 percent said they disapproved.

Obama's approval for handling the deficit fell 8 points, and his disapproval rose 8 points since the last time Gallup asked this question, which was in a survey conducted May 12-15. At that time, 32 percent said they approved of how Obama was handling the federal budget deficit and 63 percent said they disapproved.

Gallup has polled Americans on whether they approve or disapprove of the way Obama is handling the deficit a twelve times during Obama's presidency. In those twelve Gallup surveys, a majority has never said they approve of the way Obama is handling the deficit.

Obama On Debt: I Had A Deal That 'Would Have Solved This Problem'

obama is so full of shit that his breath stinks. He had a plan? What plan? It's real freakin' easy to say you had a plan after the fact. Where was his plan during the entire debate?

His fucking plan is vaporware. He never had one. Still doesn't.

It's also real easy to convince a bunch of handpicked democrats that it's somebody else's fault. Let's see him give this same speech in a room full of average Americans. Preferably some who have been paying attention.

Watch the video if you can stand to listen to this lying windbag...

By Nicholas Ballasy - CNSNews

President Barack Obama told an audience on the first stop of his bus tour that his original deficit reduction plan could have solved the nation’s debt problem “tomorrow” but House Speaker John Boehner walked away from the deal.

“The fact of the matter is that solving our debt and deficit problems simply requires all of us to share in a little bit of sacrifice, all of us to be willing to do a little bit more to get this country back on track and that’s not too much to ask,” Obama told a crowd in Cannon Falls, Minnesota on Monday.

“Basically what we need to do is we need to cut about 4 trillion dollars over the next 10 years. Now that sounds like a big number, it is a big number but you know, if we were able to, as I proposed, cut about 2 trillion dollars in spending – if folks who could best afford it, millionaires and billionaires, were willing to eliminate some of the loopholes that they take advantage of in the tax code and do a little bit more and if we were willing to take on some of the long term costs that we have on health care – if we do those things, we could solve this problem tomorrow.”

Obama continued, “I put a deal before the Speaker of the House John Boehner that would have solved this problem and he walked away because his belief was we can’t ask anything of millionaires and billionaires and big corporations in order to close our deficit.”

The Congressional Budget Office (CBO) projects that the federal budget deficit will reach $1.5 trillion by the end of the fiscal year 2011.

The current national debt limit is over $14.5 trillion.

CBO: Gov’t Ran $929B Deficit in First 8 Months of FY 2011, On Track to Hit $1.4T

$929 BILLION in eight months! Holy SHIT! These people are completely out of control!

In case you don't understand that, our government spent $929 BILLION dollars more than they had, in eight months. That is money that has to be borrowed, further increasing the $14 TRILLION dollar debt.

There is absolutely no one in washington with a clue. This is unsustainable. Our Country is headed for bankruptcy, and there isn't a country or institution on the planet that can bail us out. We need to run off every stinking idiot in washington, starting with obama...

By Terence P. Jeffrey - CNSNews

The federal government ran a deficit of $929 billion in just the first 8 months of fiscal 2011, which began on Oct. 1, 2010, according to the Congressional Budget Office’s monthly budget review for June.

“CBO estimates that the government recorded a deficit of $929 billion for the first eight months of the fiscaly year,” said CBO.

Last year, the government ran a deficit of $935 billion in the first 8 months of the year, according to CBO.

The $929 billion deficit the government ran up in the first 8 months of fiscal year 2011 puts the government on track to hit an annual budget deficit of approximately $1.4 trillion for the fiscal year, which is what the CBO projected this year’s deficit would be in its most recent analysis of President Obama’s budget proposal published April 15.

“CBO now projects that under current law, the deficit for this year will amount to $1.40 trillion,” the CBO said in that analysis.

With $929 billion in deficit spending in the first 8 months of the year, the government was running an average monthly deficit of $116.13 billion. At that pace, it would run an additional $464.5 billion in deficits in the June-Septemper period—bringing the total deficit for the fiscal year to $1.3935 trillion (or approximately the $1.4 trillion predicted by the CBO in April).

At the beginning of fiscal 2011, according to the U.S. Treasury, the debt subject to the legal limit of $14.294 trillion stood at $13.561623 trillion—or $926.76 billion below the limit.

Read the rest at the link above...

'Negative' Rating for U.S. Debt Sends Jolt Through Capitol Hill Debate on Debt Ceiling

No matter how grim the outlook, democrats and obama want to continue spending. The only way they can figure to have more money to spend is to raise our taxes. It never even occurs to them that we can't afford it. Our montly gasoline bill has increased by over $300 bucks a month. If this keeps up it won't even pay to go to work.

If more people don't keep after their congress critters about the budget and the deficit, we are going to go from real trouble to whatever is worse than that. My representatives are sick of me. They hear from me waaay more often that they are comfortable with.

Write them folks, let them know we have to fix this stuff NOW. Not in 2012, not in 2016, NOW. We can't afford to kick this can down the road any longer. I will stand behind those willing to make the tough decisions, even if it is painful.

Remember though, we don't have a revenue problem, we have a spending problem...

From FoxNews

The United States' latest fiscal standoff -- an intensifying impasse over whether to raise the federal debt ceiling -- got a sudden jolt Monday when a top credit rating service expressed pessimism at D.C.'s political will to solve the debt crisis.

It remained unclear whether Standard & Poor's decision to change its outlook on U.S. fiscal health over the next two years from "stable" to "negative" would prompt the White House and Congress to agree on a debt fix. But it certainly prompted both sides to affirm they are serious about the issue.

“Serious reforms are needed to ensure America’s fiscal health," House Majority Leader Eric Cantor said in a written statement, calling S&P's announcement " a wake-up call to those in Washington asking Congress to blindly increase the debt limit."

Republicans have called for attaching spending reductions to any increase in the debt limit, which nearly has been reached at over $14 trillion, but the White House has warned that failing to increase the limit in the coming months could be ruinous for federal finances and the economy as a whole, because the nation's creditors may lose confidence in the United States' ability to pay its debts.

S&P's announcement sent stocks tumbling Monday, but White House Press Secretary Jay Carney downplayed it, saying the political process will outperform the agency's expectations.

The Obama administration also acknowledged that there is increasing agreement on the scope of the problem.

"Both political parties now agree that it is time to begin bringing down deficits as a share of GDP," Mary Miller, assistant secretary for financial markets at the Treasury Department, said in a written statement. "We believe S&P's negative outlook underestimates the ability of America's leaders to come together to address the difficult fiscal challenges facing the nation."

Not everyone is convinced that raising the debt ceiling is necessary, even with strings attached.

Read the rest at the link above...