If any CEO in the USA presented his board with a budget that was one third unfunded he would be fired and tossed out of the board room immediately.  President Obama recently revealed a Three Trillion dollar budget which had a 1.6 trillion dollar deficit.

The maximum deficit presented to Congress prior to this President was approximately a half trillion dollars (In Bush last year 700 billion dollars of his deficit was a loan resulting in a net deficit of 500 billion dollars).  Our President has made anemic gestures to reduce spending in his budget in certain non discretionary areas.  However, these are not to take place this fiscal year.  If President Obama truly and sincerely wishes to reduce the deficit he must take similar action that every day US corporations implement when confronted with huge losses.  Unfortunately the principle way companies reduce their losses is by reducing its work force to meet the short fall.  The U.S government on the other hand continues to increase its workforce in this great recession and are promoting and increasing the salaries of all government employees.  This is insane when our government continues to have this catastrophic deficit.  This insanity is clearly a reflection on the extraordinary power public sector Unions have on the Democratic Party.  What this does without question, is transfer wealth from the productive private sector to the unproductive public sector.

Not only is the deficit driven by outrageous increase in labor cost, but by inextricably increasing entitlement cost.  Unless this government under the Obama era face the grim reality, these entitlement cost will soon drive our nation to severe bankruptcy.  A bankruptcy from which our children and grand children will never recover.

How does one spell economic doom and government bankruptcy for the once greatest economic engine known to human kind around the globe? "O-B-A-M-A".