{"id":9403,"date":"2010-02-19T10:21:00","date_gmt":"2010-02-19T10:21:00","guid":{"rendered":"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/obamas-economic-policies-lead-to-new-dusk-for-america\/"},"modified":"2010-02-19T10:21:00","modified_gmt":"2010-02-19T10:21:00","slug":"obamas-economic-policies-lead-to-new-dusk-for-america","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/libertarian\/obamas-economic-policies-lead-to-new-dusk-for-america.php","title":{"rendered":"Obama’s economic policies lead to New Dusk for America"},"content":{"rendered":"

<\/a>Former Delaware Governor and one-time Republican Presidential candidate Pete DuPont wrote an editorial carried by Real Clear Politics yesterday; \"Nightfall in America: Obama deficits portend a dark future.\"<\/p>

Excerpt:<\/p>

From the WSJ<\/a>:<\/p>

When the Democrats took control of Congress in 2007, the debt held by the public was 36.2% of GDP. It rose to 40.2% the next year. This year it will be about 63.6%, next year 68.6%, then 77% of GDP in 2020. And the Obama administration's budget estimates 218% in 2050.<\/p>

The reason for these rising deficits is the huge increases in federal spending--the intended growth of the federal government--that Congress and the president are pushing. The deficit in 2007 was $160 billion. In the next year the Pelosi-Reid Congress took it up to $458 billion, and when President Obama came into office in 2009 it hit $1.4 trillion. The current 2010 projected deficit is $1.6 trillion, which will lead to a tripling of our national debt from 2008 to 2020. <\/p>

Mr. Obama will have raised the debt burden as a percentage of GDP by more than President Reagan did in all of his eight years. <\/p>

All of this means we are indeed beginning to see a new America, dusk rather than dawn...<\/p><\/blockquote>

Note - DuPont's 1988 Presidential campaign included a number of libertarian policy proposals such as privatization of Social Security, and Educational Choice. He was pegged an \"economic libertarian\" by many in the media. <\/p>

Current GOP candidate for US Senate from Delaware Mike Castle served as DuPont's Lt. Governor for two terms.<\/p>

\"\"<\/div>","protected":false},"excerpt":{"rendered":"

Former Delaware Governor and one-time Republican Presidential candidate Pete DuPont wrote an editorial carried by Real Clear Politics yesterday; \"Nightfall in America: Obama deficits portend a dark future.\"Excerpt:From the WSJ:When the Democrats took control of Congress in 2007, the debt … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-9403","post","type-post","status-publish","format-standard","hentry","category-libertarian"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/9403"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=9403"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/9403\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=9403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=9403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=9403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}