Remember the Teaparty? Remember how angry and outraged they were when President Obama strapped this country around his waist and pulled it out of the ditch? Remember how Republicans stood on the sidelines and criticized every dime Obama spent to revive a dead economy?
Because of the quick and decisive actions of President Obama, the economy rebound. The Stock Market that was free-falling off the cliff grabbed the rope thrown by Obama and somehow managed to pull itself back to today’s record levels. And unemployment continually decreased.
Yes, Obama did what he had to do to save America, in spite of the grumblings of the Teaparty and the Republican party.
But where is the Teaparty now? Where are the Republicans? Miraculously, they are in lockstep with their little drummer boy, Donald Trump. Blind with their giddiness as he increased the federal deficit by 32 percent to pay for a campaign promise giving permanent tax cuts to millionaires and billionaires, like Donald Trump.
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO). The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.
Our grandchildren will thank us later… I’m sure of it!
