BOHEMIA, NY, Sept 6 – “The Obama administration needs to get a grip on spending before we go bankrupt,” according to Dan Weber, president of the Association of Mature American Citizens.
“The National Debt will top $17 trillion in a few weeks, the economy is limping along, we’re becoming a nation of part-time workers and at least one well-known financial analyst predicts a new recession before President Obama is through with us,” he said.
Weber pointed out that while the president blames the legacies of past presidents for the skyrocketing debt, an analysis of federal spending patterns shows that he is the biggest spender.
“Even Mr. Obama’s big boosters are finally beginning to see the light. When Democratic Senator Max Baucus warned that Obamacare was a train wreck waiting to happen, the president simply ignored him. Meanwhile, ultra-liberal political commentator, Chris Mathews, recently admitted that the president lacks ‘leadership skills.’ In a president it’s a deficiency that can spell disaster for the nation.”
The AMAC chief warned that while older Americans are most at risk, the nation as a whole will suffer if the administration’s spending patterns are not soon checked. “It’s one thing to follow an agenda aimed at redistributing the wealth, it’s another to risk the livelihoods of our children and grandchildren.”
In just his first term, President Obama added nearly $6 trillion to the national debt, Weber noted. “Spending in his new second term can easily match that amount and, perhaps, even substantially surpass it.”
As for job, the great majority of new jobs currently being created in the U.S. are part-time. As James Hoffa put it, Obamacare will “destroy the foundation of the 40 hour work week that is the backbone of the American middle class.” In fact, Weber pointed out, U.S. unemployment levels, as reported by Gallup this week, stood at 8.7% in August, up from 7.8% in July.
Recently, he added, the well-known Wall Street analyst, Charles Nenner, warned his clients that the nation is poised for a new recession. “It’s very scary because we didn’t have a lot of growth and when this economic expansion is over, we’re going to be in trouble. It’s going to be bad,” Nenner said.
There’s a backlash brewing in Congress over the president’s proclivity to “borrow and spend,” Weber concluded, adding that “AMAC stands wholeheartedly behind that movement and urges members and their families and friends to support it by urging their own lawmakers, whichever side of the aisle they sit, to join the battle.”
NOTE TO EDITORS: Dan Weber is available for telephone interviews on this issue. Editors/reporters may contact John Grimaldi at 917-846-8485 or email@example.com to set up a call.