Devildawg15's blog: "Era of Responsibility"

When President Obama was elected, he promised to usher in an era of fiscal responsibility. Even the theme of his inauguration speech was "Era of Responsibility." So how's that promise working out for him?

Well, on Tuesday the non-partisan Congressional Budget Office (CBO) released a report on the budget predicting a $7 trillion deficit by 2019. This is after Obama's Office of Management and Budget (OMB) released its own report predicting a $9 trillion deficit over the same period of time.

The same OMB report shows public debt doubling by 2019 and reaching three-quarters the size of the entire national economy. So with our nation already recording historic levels of debt and facing exploding deficits, what are the Obama Democrats proposing?

If you guessed more spending on bloated federal government programs ... you would be correct.

Obama and his liberal Congressional allies want to saddle taxpayers with even more debt through their government-run health care experiment that will cost trillions of dollars. In addition, they are proposing a radical cap and trade tax that will increase Americans' tax burden by an estimated $150 billion a year. This is on top of the record spending -- nearly $5 trillion -- Barack Obama, Nancy Pelosi and Harry Reid rammed through the Democrat controlled Congress in the first 100 days.

There is no time to waste. The President has acknowledged, "We are out of money now." Yet the Obama Democrats continue their reckless spending and borrowing putting our great nation on the path to bankruptcy.

Their soak-the-"rich," class-warfare rhetoric is just a slick way to hide the fact that you and millions of other hard-working, middle class families -- as well as your children and grandchildren -- will be footing the bill in the form of higher taxes to bankroll their leftist schemes.