Monday, February 1, 2010

The proposed Obama budget

A $1.6 trillion deficit with a promise "to cut that in half in the next few years".

Their ultimate budgetary goal is a deficit of "only" $800 billion.

It takes a special kind of fiscal irresponsibility to make Bush's budgets look good.

Why doesn't the Obama budget team realize that Democrats won elections when they were the party of Clinton era balanced budgets and surpluses (which not coincidentally coincided with peace abroad and prosperity at home)?

Fortunately, there is zero chance that this budget will be enacted, and a less than zero chance that Obama will fight for it.

No comments: