Right Thinking From The Left Coast
Don't stay in bed, unless you can make money in bed. - George Burns

Tuesday, February 15, 2011

More about the faux painful budget.

A dose of reality about how painful those cuts in the Obama budgets are. And a dose of reality for the idiots that can’t see the fact that while our spending during the Bush years was bad, the Obama years are looking disastrous:


Let those numbers sink in. Our GDP is somewhat over $14 trillion, as is our debt, BTW. Republicans in the House better kill this budget ASAP and tell Obama to start over, with 2007 numbers, or else. Why?

Consider: President Barack Obama’s 2012 budget proposes to spend $3.48 trillion on everything except interest on the national debt. That’s a 7 percent increase over what the government spent in 2010. And keep in mind that in 2010, there was a lot of stimulus money flying out the door.

That’s not a cut. That’s growing an already bloated government by 7%. Screw that.

Update: Some more reality:

This was supposed to be the moment we were all waiting for. After three years of historic deficits that have added almost $4.5 trillion to the national debt, President Obama was finally going to get serious about fiscal discipline. Instead, what landed on Congress’s doorstep on Monday was a White House budget that increases deficits above the spending baseline for the next two years. Hosni Mubarak was more in touch with reality last Thursday night.

The White House actually touts as tight-fisted a budget proposing a record $1.645 trillion deficit for fiscal 2011, due largely to a new surge in spending to 25.3% of GDP. That’s more spending than in any year since 1945. Federal debt held by the public—the kind we have to pay back—will rise to 75.1% in 2012, which is the highest since 1951 and more than double what it was as recently as 2007. (See the nearby chart.)

Its a giant F-U to the American people. Nothing less.

Posted by AlexinCT on 02/15/11 at 06:52 PM in Decline of Western Civilization   Deep Thoughts   Elections   Election 2010   Left Wing Idiocy   Politics   Law, & Economics   The Press Machine  • (0) TrackbacksPermalink
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