"One rule of budget reporting is to watch what the politicians are spending this year, not the frugality they promise down the road. By that measure, the budget that President Obama released yesterday for fiscal 2011 is one of the greatest spend-while-you-can documents in American history.
We now know why the White House leaked word of a three-year spending freeze on a few domestic accounts before this extravaganza was released. No one would have noticed such a slushy promise amid this glacier of spending. The budget reveals that overall federal outlays will reach $3.72 trillion in fiscal 2010, and keep rising to $3.834 trillion in 2011.
In the "out years" in mid-decade, the White House promises that spending will fall all the way back to 23% of GDP. Even if you choose to believe such a political prediction, that still means Mr. Obama is proposing a new and more or less permanently higher plateau of federal spending.
And here you thought the "stimulus" was supposed to be temporary."
Everyone should be running to the phone or their computer and complaining to every one of their senators and representatives. Not only is spending going up, but the deficit is not being paid off--it is getting bigger! What is this country coming to? Who voted for this guy? Are you glad that you did? Does anyone think that we won't have to pay for this? Do you realize that your taxes are going up?
"Not happy, Bob, not happy..."
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