By Kelli Krauss

At a town-hall-style meeting in Rio Rancho, New Mexico President Obama said, “We can’t keep on just borrowing from China. We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.” He called the current deficit spending “unsustainable” and said that interest rates for consumers will go up if we continue to borrow from other countries.

Please excuse me while I bang my head against the wall!!! Is this not what we have been saying since January 20, 2009? Some of us have been saying it since the fall when the first financial rescue package was signed. This is what the Tea Parties on April 15th were about. More and more people are getting fed up with the spending in Washington and this Congress and Administration have been so good at it. Even John McCain, who I do not always agree with, called the current spending practices in Washington “generational theft”.

It is being reported that the Obama administration has revised it’s own estimates for the deficit this year to a record $1.84 trillion, which is up 5 percent from their February numbers and the 2010 deficit is being estimated at $1.26 trillion, up 7.4 percent from February.

Why is President Obama agreeing with us now? I guarantee it is not because he wants to stop spending. This is Obama paving the way for a tax increase and it will not be just for the “rich”. As he said during his campaign when gas prices were skyrocketing, “High gas prices are just fine by me, I just wish we could have raised them more slowly.” Will this be his model for tax increases?

Those of us who did not vote for him knew this was coming. So as the saying goes “Buyer beware”. Or in this case, “Obama-buyer beware”.

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