President Obama is expected to revise his fiscal 2009 deficit estimate to $1.58 trillion, which is down from the $1.84 trillion estimate earlier in the year. Nearly all of the difference is based upon the Obama administration not using the $250 billion “placeholder” he had built into his budget for a second round of bank bailouts under the TARP program.
President Barack Obama took office with an extraordinary set of promises as a candidate. He has fulfilled many of the promises to the left-wing base of his party, such as his executive order three days after he was inaugurated restoring the funding of abortions with foreign-aid money.
Not long ago, Americans feared and ridiculed the police states cursing too many parts of the world. We worried that they might one day conquer us despite their poverty and general misery even as we mocked their totalitarian tactics — especially their “Papers, please” mentality.
President Obama spoke to a veterans group in Phoenix Monday, KVIA News reported. Outside, amidst protesters, were roughly a dozen people carrying guns, one of them with an AR-15 semi-automatic rifle.