Planning to Fail
Much commentary about this graphic comparing Bush's federal budget deficits to the projected Obama budget deficits from the Washington Post today:
click for larger image
Sometimes pictures really are worth a thousand words. In this case every one of those words is "sucker!" and aimed directly at the O-ba-ma! chanting public who put this dazzlingly urbane repackaging of Jimmy Carter in office.
You're going to hear a lot of talk in the coming weeks of O-ba-ma!'s vow to "slash" the deficit in half. You know what would make that vow a lot more impressive? If he didn't quadruple the deficit before "slashing" it in "half." As the graphic shows this "slashing" does not amount to half of what he inherited. It's half of what he intends to balloon the budget too in his priority-free spending orgy. And the details of his budget plan don't even achieve that.
The sick news here is not that O-ba-ma! intends to spend us out of recession. He has plenty of poindexter economists telling him there's a serious method to that particular madness. We'll just have to buck up and suffer through that attempt.
No, the real bad news is what he plans to do to the deficit, recession aside. We've had other presidents who left big deficits (nothing close to O-ba-ma!'s planned deficit, but still...), but there's a key distinction. None of them went into office in their first few months and announced that they intended to leave a budget deficit more than twice the size they inherited.
This goes well beyond the demand to get us out of recession. According to O-ba-ma! that will happen next year at the latest. But the enormous deficits keep going long afterward, like an energizer bunny running on gargantuan government bonds.
Wouldn't it be nice if there was some political party dedicated to cutting back the size of the federal government? That sounds like it would be a popular party in the coming years. Too bad the party the previous president belonged to threw that card away by the way they budgeted when they controlled Congress. We call that a missed opportunity. And it's spelled "D'oh!"
click for larger image
Sometimes pictures really are worth a thousand words. In this case every one of those words is "sucker!" and aimed directly at the O-ba-ma! chanting public who put this dazzlingly urbane repackaging of Jimmy Carter in office.
You're going to hear a lot of talk in the coming weeks of O-ba-ma!'s vow to "slash" the deficit in half. You know what would make that vow a lot more impressive? If he didn't quadruple the deficit before "slashing" it in "half." As the graphic shows this "slashing" does not amount to half of what he inherited. It's half of what he intends to balloon the budget too in his priority-free spending orgy. And the details of his budget plan don't even achieve that.
The sick news here is not that O-ba-ma! intends to spend us out of recession. He has plenty of poindexter economists telling him there's a serious method to that particular madness. We'll just have to buck up and suffer through that attempt.
No, the real bad news is what he plans to do to the deficit, recession aside. We've had other presidents who left big deficits (nothing close to O-ba-ma!'s planned deficit, but still...), but there's a key distinction. None of them went into office in their first few months and announced that they intended to leave a budget deficit more than twice the size they inherited.
This goes well beyond the demand to get us out of recession. According to O-ba-ma! that will happen next year at the latest. But the enormous deficits keep going long afterward, like an energizer bunny running on gargantuan government bonds.
Wouldn't it be nice if there was some political party dedicated to cutting back the size of the federal government? That sounds like it would be a popular party in the coming years. Too bad the party the previous president belonged to threw that card away by the way they budgeted when they controlled Congress. We call that a missed opportunity. And it's spelled "D'oh!"
Posted by Doug Williams on
Wednesday March 25, 2009 at 12:20pm
