James Lambert
Mr. President -- I ask you - Who really are the extremists?
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By James Lambert
October 5, 2013

Mr. President, I am tired, like many fiscal conservatives in this country, of being labeled by you as "an extremist." These words come from a Chief Executive who has systematically (over the last 4 ¾ years) throw the county into a debt cycle that, if not stopped, will in the near future explode fiscally.

Here are some alarming facts:
  • The nation's federal debt is growing at an alarming pace – increasing by more than $50,000 every second.

  • During Obama's term in office, the federal debt has grown by approximately 70% (or 6.6 trillion dollars) ranging over 220+ years.

  • The Obama health care plan which was passed in the Democrat controlled House of Representatives by only one vote (with no Republicans votes whatsoever) is a fiscal disaster. Even Union bosses which are the President's allies have admitted this.

  • The Congressional Budget Office (C.B.O) has already refuted Mr. Obama's claim that 'his' healthcare plan will save a family of four $2,500 a year as a lie Instead the C.B.O. claims it will cost an American family of four $7,500 a year.
As an ordinary citizen who believes in fiscal sanity: living with one's means, I am appalled by the way the federal government operates. I was upset when President Bush racked up $400B deficits during his term. I am, accordingly, upset with this President's cavalier attitude with our nation's debt. And I ask the public – who are the real extremists? Are they those who believe in fiscal prudence (like me)? Or is this President who insists on supporting these outrageously huge and irresponsible deficits – the real extremist?

Perhaps future generations who will be paying this debt for decades to come, will determine that?

© James Lambert

 

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James Lambert

James Lambert has a broad business background. After receiving his undergraduate degree from Linfield College (McMinnville, Oregon), Lambert pursued a career in banking by working in various management capacities for Crocker Bank, San Diego Trust & Savings Bank and First Interstate Bank (between 1973 and 1995). By 1990 Lambert received his Master in Business Administration from National University (San Diego). For 3 years, Lambert also taught Finance at Mira Costa Community College... (more)

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