Wednesday, January 7, 2009

Budget nonsense

"Huddling with his budget team, Obama told reporters he would ban pork barrel spending projects known as earmarks from his proposal to stimulate the economy. He also vowed to make the difficult choices necessary to curb runaway deficits and debt.

He said, however, that he would not propose his first federal budget until after the stimulus proposal - - which itself could cost about $800 billion. And he cautioned that staggering annual deficits would continue even after that.

'At the current course and speed, a trillion-dollar deficit will be here before we even start the next budget,' Obama said at his Washington transition office."

Isn't this the McCain deficit reduction plan that was mocked as too little and too late (cut waste and pork barrel spending)?

And, do these statements make any sense whatsoever when read together? Obama pledges to "curb runaway deficits and debt" but predicts a "trillion-dollar deficit" in his first budget. Which is it - - are we to curb deficits or run record deficits?

Obama is set to break Bush's record for crazy, out of control, reckless deficit spending.

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