Wednesday, February 16, 2011

Federal Budget Follies

Once again Peter Ferrara does yeoman's work in shredding Obama's pretenses, this time on the ludicrous budget.
"Obama's budget projects that this deficit will be cut in half by 2013. But in last year's budget, Obama projected that this year's deficit would be $1.227 trillion, more than $400 billion less than Obama says it will be today.
[H]is actual deficit for this year of $1.645 trillion is again the highest in world history! The deficit for 2008, by the way, was $458 billion.
Even with these tax increases and phantom budget savings, the national debt held by the public will soar to $19 trillion by 2021, more than triple that national debt total of $5.8 trillion in 2008"
And Obama promises, before the ink has even been applied, to veto the proposed GOP budget that makes a modest start on cutting Federal spending. Centrist, my ass.

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