John Bolton

John Bolton

Suck on this Trump Haters!

Tuesday, February 15, 2011

The LAST Thing You Would Call Obama's Budget is "Fiscally Responsible"

Obama votes "present" again with new budget and ignores the need for REAL leadership during deficit crisis!

Obama made a lot of noise in his press conference Tuesday talking about his new budget and saying how how it met his campaign pledge to be fiscally responsible:

Just like every family in America, the federal government has to do two things at once. It has to live within its means while still investing in the future. If you’re a family trying to cut back, you might skip going out to dinner, you might put off a vacation. But you wouldn’t want to sacrifice saving for your kids’ college education or making key repairs in your house. So you cut back on what you can’t afford to focus on what you can’t do without. And that’s what we’ve done with this year’s budget.
After a few moments the laughter died down and people realized he actually believed what he said. Yet, the facts of his budget and his past spending show us the truth. The Cato Institute put these graphs together:

In his press conference Obama said he would take a "scalpel to the discretionary budget rather than a machete," yet it seems he hasn't used a pair of tweezers. Chris Edwards from Cato sums up Obama's plan "Last year, Obama proposed 2012 discretionary outlays of $1.30 trillion. This year, Obama proposed 2012 discretionary outlays of $1.34 trillion." And in the long run, no change at all:
Last year, Obama’s budget showed public debt rising to 77 percent of GDP by 2020. Yet despite all the administration’s expressed concern about rising debt, the new budget has exactly the same debt target in 2020 of 77 percent.
Spending in 2011 is the highest share of GDP since WWII at 25.3 percent.

Other than a war on common sense, could someone tell me what war Obama is fighting?

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