Obama’s Budget Unsustainable

The mid-year report by the Office of Management and Budget shows that President Obama’s proposed budget would permanently increase spending and push the country an additional $9 trillion into debt. These figures clearly show that the spending pushed by PresBo is unsustainable
http://www.heritage.org/Research/Budget/wm2595.cfm

The Office of Management and Budget has released its annual mid-session review that updates the budget projections from this past May.[1] They show that this year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,392 per household. The federal government will increase spending 22 percent this year to a peacetime-record 26 percent of the gross domestic product (GDP). This spending is not just temporary: President Obama would permanently keep annual spending between $5,000 and $8,000 per household higher than it had been under President George W. Bush.[2]

Driven by this spending, America will run its first ever trillion-dollar budget deficit this year. Even worse, the President's budget would borrow an additional $9 trillion over the next decade, more than doubling the national debt. By 2019, America will be spending nearly $800 billion on net interest to service this large debt.[3]

PresBo likes to say that our current spending on healthcare is unsustainable, but HIS plans for spending are unsustainable in total, not just in one area. This kind of irresponsible spending, whether indulged in by Republicans or Democrats, is dangerous to the future of our country. We MUST reverse this trend and not only start “reducing the deficit,” but eliminate it entirely and begin reducing our national debt.

This report is basically more fuel on the fire for Obamacare opponents... it will only make the bad bill harder to pass.
http://thehill.com/leading-the-news/obama-sees-deeper-deficit-high-unemployment-2009-08-25.html