Obama Administration In Bad Cash And Credit Cycle

U.S. President Obama: ya'll are broke!

It is very apparent, the Obama Administration, is stuck in a very bad credit and cash cycle, where the economy has become so bad, they have given up on reducing debt and keep adding to the deficit in sizable increments. They are operating under the proviso, things are so far gone, may as well keep spending. When one is in debt, to state the problem is so great, one may as well continue spending away, is the wrong approach to financial recovery.

For many months, troubling headline, after headline, have heralded massive spending initiatives, coming out of Washington. President Obama has added $1 trillion dollars to the deficit in the space of one year, which is unacceptable. Not even 1/10th of that spending was justified. Worsening economic figures, proves the unwieldy spending is not working, as the nation's financial outlook continues to hit record lows. The government has spent all the nation's cash and is currently operating on credit and IOUs. That has to change.