Throughout the debt-ceiling debate, you’ve repeatedly referred to federal spending as “investments.” Since the beginning of your administration, your ”investment” spree has added more than $4 trillion to the national debt. At the same time, GDP growth is at an anemic 1.8 percent, the nation’s credit rating is in jeopardy, the deficit is at $1.7 trillion, the nation’s energy and transportation infrastructures continue to deteriorate, the housing market remains in the tank, unemployment is at 9.2 percent, and federal entitlements are imploding.
Do you maintain that this is an adequate rate of return on your “investments?” Would you retain a personal portfolio manager with a similar “investment” record?
During the debt-ceiling debate, you’ve also repeatedly called for increased federal “revenues.”
When did the federal government begin selling widgets?