Review & Outlook: The Road to a Downgrade – WSJ.com


Folks, I just can’t say it any better than this.

Review & Outlook: The Road to a Downgrade – WSJ.com.

Then came Mr. Obama, arguably the most spendthrift president in history. He inherited a recession and responded by blowing up the U.S. balance sheet. Spending as a share of GDP in the last three years is higher than at any time since 1946. In three years the debt has increased by more than $4 trillion thanks to stimulus, cash for clunkers, mortgage modification programs, 99 weeks of jobless benefits, record expansions in Medicaid, and more.

The forecast is for $8 trillion to $10 trillion more in red ink through 2021. Mr. Obama hinted in a press conference earlier this month that if it weren’t for Republicans, he’d want another stimulus. Scary thought: None of this includes the ObamaCare entitlement that will place 30 million more Americans on government health rolls.

 

Let’s put it this way. If you have a chunk of money to invest, or at least keep from losing, who are you going to trust? The financial experts with skin in the game at WSJ, or the Obama sycophants at HuffyPost?

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