http://www.cnbc.com/id/35186927
Obama Budget Plan Relies on 6 Years of Above-Average Growth
By wasting the last year trying to force through a Health Care Deform bill that nobody wants, and will bankrupt the country, as well as remove freedom of choice for individuals choosing their own health care insurance, Barack Hussein Obama has already shown that he is incapable of learning from reality. So the headline should really read, what lame excuse is Barack Hussein Obama using to claim he will balance the budget, that the governor of California used to complain is causing the California budget crisis?
California is having an economic crisis because the state budget was based on a healthy economy that will constantly get better.
Barack Hussein Obama is (free)basing his estimates of a balanced federal budget on a healthy and growing economy.
Since Barack Hussein Obama, as a communist, does not believe in capitalism, he is doing NOTHING to save the economy. Like all good communists, Barack Hussein Obama looks at the GDP and says that as long as the federal government is spending money, all is well with the world.
GDP = private consumption + gross investment + government spending + (exports − imports)
However, as much as the communists like this definition, and as much as it is true in communist countries, it is NOT true in capitalistic countries. In communist countries, the government owns the means of production. In capitalistic countries the private sector owns the means of production. So the only true measure of the economy is when you exclude government spending. In fact, in capitalistic countries (actually all countries) there is only so much money to go around. If the government is spending money, that money is no longer available to the private sector. So as the government spends more and more, the private sector is spending less and less. If you follow this procedure to the government's logical conclusion, you close down ALL privately owned businesses, and replace them all with government spending, and there is no change in the health of the economy.
Which may explain why Barack Hussein Obama is spending federal money like crazy (or like a communist if you prefer). With the inevitable result of the conversion of a capitalistic country into a communist country. Which is what Barack Hussein Obama believes he was elected to do.
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