You may remember that last month Obama unveiled his budget for 2010. And guess what it included? More government! He proposed spending $3.6 trillion, which is more than 25% of our GDP. And that number will only grow so long as Obama is in the White House.
It seems that the Congressional Budget Office has some news for Obama .. his budget would commit Washington to unsustainable deficits and increase borrowing by over $9 trillion over the next decade. That is more than four times the deficits of George Bush.
It gets worse, folks. The Congressional Budget Office predicts that "Obama's policies would cause government spending to swell above historic levels even after the costly programs to alleviate the recession and shore up the financial system have ended. The result, the CBO said, was that by 2019 the US national debt would be about 82 per cent of GDP - about double where it is today."
How about that? You voted for this guy because he looked cool and enjoys basketball. You voted for him because he appeared on all of your favorite magazine covers and was praised by your favorite TV and movie stars. And, of course, you voted for him because of that magical word "change!" Working out pretty well, isn't it?
Obama, of course, is saying that the CBO has it all wrong. HE, based on his immense government and management experience - which he has been displaying so brilliantly - says that he will cut the deficit in half by the end of his first term. The ONLY way that will happen is if the House and Senate are turned over to a new breed of Republican and a stop is put to this idiocy.
FYI .. the Heritage Foundation has an excellent analysis of Obama's budget.
