Wednesday, March 25, 2009

Another Slow Learner Is Catching On to the Implications of the Obama Agenda

Bonfire of the Inanities - The Daily Beast:
"In the midst of this bonfire of inanities, President Obama
is pressing ahead with a $3.6 trillion budget, predicated on utterly unrealistic
economic growth, even as the Congressional Budget Office is now projecting that
this year’s deficit will soar past $1.8 trillion, 13 percent of the US economy.
This would amount, as the Washington Post reports, to “the deepest well of red
ink since the end of World War II.” According to the Post, the CBO is warning,
ominously, that the result of this kind of borrowing and spending could lead to
an exponentially expanding national debt that would “exceed 82 percent of the
overall economy by 2019.”"

Chris Buckley was one of the marquee name "conservatives" who broke for Barack Obama during the presidential campaign. Obviously, he is having second thoughts.

Lest you take any comfort that these deficits have a precedent in the WWII era, remember, when WWII ended, we stopped spending money on it. There is no end in sight to the spending Pres. Obama is piling on in the stimulus plan and the FY2009 and FY2010 budgets. The expansions of government programs and entitlements enacted today will be nearly impossible to pare back down the road.

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