Tax and Spend

The Democrats are nothing if not consistent. It seems that, in the first half of fiscal 2015, the Obama administration kept true to form ... taxing its peons to the hilt while still spending $430 billion more than it took in (which we will now go hat in hand to the Chinese for) ... running up a bigger deficit than this same period last year ... to the tune of an additional $17 billion ... see: CNS News Story. This is all as reported by the nonpartisan Congressional Budget Office (CBO).

Seems to me I recall that President Obama was bragging not too long ago about how his economic policies were continuing to put our nation on a firmer financial footing. But at this rate the United States will accumulate a national debt of over $20 trillion before our fearless leader leaves office. It has been estimated the a national debt of $25 trillion would be so large that it would suicidal. Kinda like the United States of Greece.

Are you worried?  I am ...

An Expensive Equalizer

Something I already suspected (see: Michelle Ma Belle) was just confirmed in a UK Telegraph article … Michelle Obama’s lavish trip to China this week was a convenient ... if somewhat self-serving way to make amends for her snubbing the Chinese First Lady, Mrs. Ping, last year in California … see: UK Telegraph Article.

To quote from this article:

[This trip] was a slightly stiff apology for the snub last year when Mrs. Obama failed to show up for a meeting at Sunnylands, California, between [Chinese President] Xi Jinping, Mrs. Peng and her husband.

Although, our First Lady thankfully seems to be winning Chinese friends on this junket, her host country is still a little aghast at the extravagance expended therein by we Americans … the Obama family is staying in a $8,400 per night suite in a luxury Chinese hotel … see: Yahoo Story.

Apparently the price of penance runs high.

Afterward: see also: Daily Mail Story.