By Carole on Nov 7, 2012
President Barack Obama won a second term last night and must now begin the hard work of cleaning up the mess left by the man who held the office for the last four years.
In his first term, Mr. Obama presided over an unprecedented expansion of the federal government. He and his Congressional accomplices increased our national debt by $5.4 trillion and burdened the country with trillion dollar deficits every year. President Obama 2.0 will begin his term trying to fight off sequestration; the deep spending cuts and crippling tax increases due in January because he kicked the problem of unsustainable debt down the road until after the election.
Yesterday's exit polls showed that voters overwhelmingly chose the economy as their number one issue and yet, they re-elected a president whose economic policies have left us with not only massive debt but a national unemployment rate hovering near 8% and unsustainable entitlement programs that, without reform, will not be there for those Americans who desperately need them.
But at the same time they were re-electing that big-government, over taxing and over spending president; voters chose to keep the national purse strings and taxing power in the hands of a Republican House majority that was elected (and now re-elected) to lower government spending and not raise taxes. And they also made sure Democrats maintain a small but powerful Senate majority virtually insuring that no significant cost cutting, economy stimulating bills will make it from the House to the President's desk.
Some say this vote for a continued split government after months of complaining about gridlock means that the electorate is demanding compromise from its elected officials. In reality, they are demanding a federal government that provides for their every want and need but gets someone else to pay for it.
Of course there are not enough someone else's to fund our current spending and service the debt which increases by billions every day so no compromise can provide what the electorate is demanding. Only the ability to defy the laws of both economics and physics might.
Good luck on your second term, Mr. President. You sure have inherited a mess.
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