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Debt Poised Overtake GDP or Obama-New Meaning Liberal Rich

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Comrades,

While it has always been a necessity for our great Progressive programs to demand a lot of money, no one has ever achieved the level of success that Papa Obama has done for us.

Once again, he shows us the brilliance and beauty of his way. Not only has Papa Obama put in place the largest transfer of wealth to the rightful owners, he has done it by increasing the US debt to new levels for these great causes.

Indeed, just today we see:

U.S.'s $13 Trillion Debt Poised to Overtake GDP:

President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation's annual economic output, a step toward what Bill Gross called a “debt super cycle.”

The CHART OF THE DAY tracks U.S. gross domestic product and the government's total debt, which rose past $13 trillion for the first time this month. The amount owed will surpass GDP in 2012, based on forecasts by the International Monetary Fund. The lower panel shows U.S. annual GDP growth as tracked by the IMF, which projects the world's largest economy to expand at a slower pace than the 3.2 percent average during the past five decades.

“Over the long term, interest rates on government debt will likely have to rise to attract investors,” said Hiroki Shimazu, a market economist in Tokyo at Nikko Cordial Securities Inc., a unit of Japan's third-largest publicly traded bank. “That will be a big burden on the government and the people.”
Now the racist , xenophobic, misogynistic, right wingers will try to tell you that Papa Obama is only being "liberal rich". They want us to believe that inexperience and the fear of upcoming elections is making him and democrats spend like a "drunken Kennedy" or get it in "while the getting is good".

Thus , the right wingers want you to believe that he and the left are "liberal rich":

-Spending our money unwisely on things we dont need that won't last long
-Deeply in debt but extravagant
-spending all the money we have as fast as possible as if the Left won the lottery
This could not be further from the truth. They are just ignorant of the beauty and wisdom that is Papa Obama. Who are they or even we to questions his ways?

If Papa Obama demands it then we must give. He does what he does for the glory of us and the State. We dare not question what we are too weak to understand.

We just need to understand that whatever Papa Obama does to us for us, is for his our own good. It is not a NEW "liberal rich" way; it is just the progressive liberal way.



So for now Comrade, fear not!

Just Remember : We on Fire-hot hot hot,, ching ching


 
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