Friday, March 18, 2011

President Obama Undercounts Deficits by $2.3 Trillion

Making drunken Sailors everywhere proud of their self-control, the Congressional Budget Office scores the President's budget as contributing $2.3 trillion (yes, with a "t") more to the debt over the next 10 years.  In a moment of breathtaking spin, the President's budget director Jack Lew blogged that "CBO confirms what we already know: current deficits are unacceptably high and if we stay on our current course and do nothing, the fiscal situation will hurt our recovery and hamstring future growth."  Yes, and they just so happened to confirm that fact while undercutting the basic integrity of the administration's estimates.

5 comments:

  1. "We could say [Democrats] spend money like drunken sailors, but that would be unfair to drunken sailors. It would be unfair, because the sailors are spending their own money." Ronald Reagan

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  2. Forget foreign policy, you want to know why no one respects America anymore?

    This picture says it all.

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  3. You're getting a lot of mileage out of that bike photo. Bravo!

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  4. I simply can't get enough of Urkel.

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