Dan Gilmore / June 17, 2015

Obama May Fundamentally Transform Economy

The Obama administration claims that the money dropping into the U.S. debt hole has declined. Jobs are up. The economy is coming back. (Y'know, except for those pesky winters.) But the reports are coming in that counter the administration’s propaganda. First, the Congressional Budget Office issued a report Tuesday claiming that, if left unchecked, the U.S. debt will become much, much worse. “The long-term outlook for the federal budget has worsened dramatically over the past several years, in the wake of the 2007-2009 recession and slow recovery,” the CBO said in its report. The debt could double by 2040 if left unchecked. It’s a massive problem, almost too large for any politician in Washington to recognize, but one that will affect the economic vitality of the nation far into the future. Part of the problem is that entitlement spending is going to increase as the baby boomer generation heads into retirement. As for the generation that’s supposed to keep entitlement spending going, millennials have entered the job market at the lowest part of the recession. According to statistics blog Five Thirty Eight, that generation holds more personal debt, makes less money and owns fewer and less expensive homes. Furthermore, because millennials entered the job market in a tough economic time, they will make less money over the course of their careers. Thank to his administration’s shenanigans, Barack Obama could have the legacy of fundamentally transforming the American economy.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.