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Another Obama term would bankrupt U.S.

Jim Gorman Groton

Publication: The Day

Published 08/29/2012 12:00 AM
Updated 08/28/2012 02:23 PM

Would a second term for President Obama convert the United States of America into the United States of Greece?

Yes!.Why? With no re-election to deal with Obama would be totally free to "redistribute the wealth." More people on food stamps, no work requirement for welfare, more punitive and restrictive regulations from the HHS and EPA.

Obama failed to restrain federal spending when the Democrats controlled Congress and he has increased our federal debt by a trillion a year. Raised on a pillow, Obama never had to earn a living and has no sense of the value of a dollar. Obama does not understand what the words debt and deficit means.

Charm and personal likability are Obama's assets but are they enough to rescue the country? Do you care if your airline pilot is likable or do you care about his skill as a pilot?

"Huge income redistribution leads to insolvency." Deficits accumulate faster then economic growth, cash runs out and the Fed will no longer be able to borrow. Like us, the Greek electorate has consistently voted for more spending and more entitlements.

Now we are both broke. Unlike Greece we still have a chance, but only with a new pilot.

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Which of the two major political parties is better equipped to improve the U.S. economy?
Republican, deregulation and lower taxes will stimulate growth that will trickle down to every American.
27%
Republican, Pres. Obama had his chance and his economic policies failed.
30%
Democratic, deregulation and tax cuts pushed by Republicans got us into this mess to begin with.
14%
Democratic, Pres. Obama hasn't had a fair chance to stimulate the economy because of the do-nothing Republican Congress.
23%
Neither, let's end this capitalistic experiment and give socialism a try.
6%
Number of votes: 1300

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