Decades ago when I was a young lad in school, all the boys always had a fascination for the “new girl in school”. Who knows why, perhaps she was just something different.

In 2008 Barack Obama ran on a big government, huge social program, and immense spending platform. Some 69,500,000 people or almost 53% of those who voted, voted for Mr. Obama for president.

Today, according to the liberal Los Angeles Times:

Currently, 90% of Americans are worried to some degree about the exploding federal spending deficit, a galactic number certain to gain politicians' attention on both sides.

I know Mr. Obama was different, charismatic and promising change. But, what did everyone think he was going to do?

Buyer’s remorse is when you buy something, perhaps on the spur of the moment or to wanting to have the latest, and then realizing that you overpaid or the item was not what you expected.

Although Mr. Obama’s popularity is down, it is still pretty high, so I suspect buyer’s remorse has not set in – yet.

But, now that the new girl in school has been in class for a couple of months I think many of the “boys” realize she is not really all that different from all the other girls.

“For the last six years we've been told that our mounting debts don't matter…”

Obama inherited a $1.2 trillion deficit and has quickly pushed it up to $1.8 trillion…The national debt will nearly double over the next decade…By that year [2019], interest payments alone on the debt are projected to be $806 billion annually, according to the Congressional Budget Office. (The liberal New York Times)

“They write the checks and you get stuck with the bills, they get the access while you get to write a letter, they think they own this government…”

Could you remind me again how we got into this financial mess? 

Was it not people spending money they did not have?

According to the AP:

For the current year, the government would borrow 46 cents for every dollar it takes to run the government under the administration's plan. In 2010, it would borrow 35 cents for every dollar spent.

By this calculation, if I were making $54,000, I would be spending $100,000 this year and borrowing $46,000.