PrintApril 17, 2009
Malia and Sasha Obama face debt
The tax return for Daddy and Mommy Obama shows only $12,000 given to each kid, and that was for a qualifying tuition program. What the kids need is a lot more than that since Daddy is placing all that national debt on their shoulders.
As I showed earlier, Daddy and Mommy tend to live beyond their means. Even though Daddy and Mommy were making over $200,000 a year, they still relied on credit to pay the bills. While there is enough money for now, since Daddy sold a couple of books and has a high-paying job, Daddy and Mommy need to reduce their spending or there won't be anything left.
Plus, Daddy is trying to redistribute wealth from the rich to the poor. Since Daddy is currently rich, his wealth will be redistributed until he is poor again. And Daddy is planning to bring back the death tax so there won't be anything left when Daddy and Mommy pass on.
Malia and Sasha face this bleak future with courage, I am sure. But their own share of the national debt could be in the gazillions the way things are going. They will owe everything in their piggy bank and more.
But there is hope.
There were Tea Parties all over the country this week but no one was drinking tea. It was something about Daddy spending too much money and Daddy taking too much of other people's money.
Maybe things will change for the better.
